We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
TOTAL (TOT) to Report Q2 Earnings: What's in the Offing ?
Read MoreHide Full Article
TOTAL SE is set to report second-quarter earnings on Jul 30, before the opening bell. This integrated oil and gas company delivered an earnings surprise of 9.3% in the last four quarters.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors at Play
Drop in oil prices and reduction in global demand for oil due to the novel coronavirus outbreak are likely to have impacted TOTAL’s second-quarter performance. To preserve liquidity amid such an unprecedented economic crisis, the company decided to lower planned capital expenditure for 2020 and resorted to cost-management initiatives that are likely to have a positive impact on second-quarter results.
During the quarter, it sold non-core assets in Brunei, Sierra Leone and Liberia, as part of the $5-billion asset divestiture target for the 2019-2020 period.
What Our Quantitative Model Predicts
Our proven model predicts an earnings beat for TOTAL this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is the case here as you will see below. You can see the complete list of today’s Zacks #1 Rank stocks here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The company has an Earnings ESP of +21.74%.
Zacks Rank: TOTAL currently carries a Zacks Rank of 3.
Other Stocks to Consider
Investors can also consider the following players from the same sector that too have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Hess Corporation (HES - Free Report) is scheduled to release second-quarter 2020 numbers on Jul 29. It has an Earnings ESP of +3.20% and carries a Zacks Rank #2.
Noble Energy Inc. is slated to release second-quarter 2020 numbers on Aug 7. It has an Earnings ESP of +12.54% and carries a Zacks Rank 1.
Canadian Natural Resources Limited (CNQ - Free Report) is set to release second-quarter earnings on Aug 6. It has an Earnings ESP of +6.47% and carries a Zacks Rank #3.
Zacks’ Single Best Pick to Double
From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
With users in 180 countries and soaring revenues, it’s set to thrive on remote working long after the pandemic ends. No wonder it recently offered a stunning $600 million stock buy-back plan.
The sky’s the limit for this emerging tech giant. And the earlier you get in, the greater your potential gain. Click Here, See It Free >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
TOTAL (TOT) to Report Q2 Earnings: What's in the Offing ?
TOTAL SE is set to report second-quarter earnings on Jul 30, before the opening bell. This integrated oil and gas company delivered an earnings surprise of 9.3% in the last four quarters.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors at Play
Drop in oil prices and reduction in global demand for oil due to the novel coronavirus outbreak are likely to have impacted TOTAL’s second-quarter performance. To preserve liquidity amid such an unprecedented economic crisis, the company decided to lower planned capital expenditure for 2020 and resorted to cost-management initiatives that are likely to have a positive impact on second-quarter results.
During the quarter, it sold non-core assets in Brunei, Sierra Leone and Liberia, as part of the $5-billion asset divestiture target for the 2019-2020 period.
What Our Quantitative Model Predicts
Our proven model predicts an earnings beat for TOTAL this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is the case here as you will see below. You can see the complete list of today’s Zacks #1 Rank stocks here.
TOTAL S.A. Price and EPS Surprise
TOTAL S.A. price-eps-surprise | TOTAL S.A. Quote
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The company has an Earnings ESP of +21.74%.
Zacks Rank: TOTAL currently carries a Zacks Rank of 3.
Other Stocks to Consider
Investors can also consider the following players from the same sector that too have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Hess Corporation (HES - Free Report) is scheduled to release second-quarter 2020 numbers on Jul 29. It has an Earnings ESP of +3.20% and carries a Zacks Rank #2.
Noble Energy Inc. is slated to release second-quarter 2020 numbers on Aug 7. It has an Earnings ESP of +12.54% and carries a Zacks Rank 1.
Canadian Natural Resources Limited (CNQ - Free Report) is set to release second-quarter earnings on Aug 6. It has an Earnings ESP of +6.47% and carries a Zacks Rank #3.
Zacks’ Single Best Pick to Double
From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
With users in 180 countries and soaring revenues, it’s set to thrive on remote working long after the pandemic ends. No wonder it recently offered a stunning $600 million stock buy-back plan.
The sky’s the limit for this emerging tech giant. And the earlier you get in, the greater your potential gain.
Click Here, See It Free >>