TotalEnergies Q3 2024 Adj. EPS $1.74 Misses $1.82 Estimate, Sales $52.021B Beat $46.207B Estimate
Portfolio Pulse from Benzinga Newsdesk
TotalEnergies reported Q3 2024 earnings per share of $1.74, missing the $1.82 estimate, but sales of $52.021 billion exceeded the $46.207 billion estimate.
October 31, 2024 | 8:02 am
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NEUTRAL IMPACT
TotalEnergies' Q3 2024 earnings per share of $1.74 missed expectations, but sales of $52.021 billion exceeded forecasts. Despite the earnings miss, the sales beat may provide some support to the stock.
The earnings per share miss by 4.4% could negatively impact the stock price, but the significant sales beat by 12.58% might offset this. The mixed results suggest a neutral short-term impact as investors weigh the earnings miss against the sales beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100