TotalEnergies Q3 EPS $2.63 Beats $2.57 Estimate, Sales $59.02B Beat $49.83B Estimate
Portfolio Pulse from Benzinga Newsdesk
TotalEnergies (NYSE:TTE) reported Q3 earnings of $2.63 per share, beating the analyst consensus estimate of $2.57 by 2.33%. However, this is a 31.33% decrease from the same period last year. The company also reported quarterly sales of $59.02 billion, surpassing the analyst consensus estimate of $49.83 billion by 18.44%, but this is a 14.51% decrease from the same period last year.
October 26, 2023 | 7:51 am
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NEUTRAL IMPACT
TotalEnergies reported better than expected Q3 earnings and sales, but both figures are down YoY. This mixed result could lead to uncertain market reactions.
TotalEnergies beat Q3 estimates, which is positive news and could lead to a rise in stock price. However, the YoY decrease in both earnings and sales is a negative signal, which could offset the positive impact. Therefore, the net impact on the stock price is uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100