TotalEnergies Q1 2024 Adj EPS $2.14 Beats $2.06 Estimate, Sales $56.278 Down From $62.603B YoY
Portfolio Pulse from Benzinga Newsdesk
TotalEnergies (NYSE:TTE) reported Q1 2024 adjusted EPS of $2.14, surpassing the $2.06 estimate, with sales of $56.278B, a decrease from $62.603B YoY.
April 26, 2024 | 9:03 am
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TotalEnergies reported a Q1 2024 adjusted EPS of $2.14, beating estimates, but saw a decrease in sales YoY.
The beat on the EPS estimate is likely to be viewed positively by investors, indicating operational efficiency and potentially driving short-term stock price appreciation. However, the decrease in sales year-over-year could temper some of the positive sentiment, as it may raise concerns about revenue growth sustainability. The net impact is likely positive in the short term due to the earnings beat.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100