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TotalEnergies SE Sponsored ADR (TTE) Dips More Than Broader Markets: What You Should Know
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TotalEnergies SE Sponsored ADR (TTE - Free Report) closed at $62.49 in the latest trading session, marking a -1.4% move from the prior day. This change lagged the S&P 500's 1.2% loss on the day. At the same time, the Dow lost 1.1%, and the tech-heavy Nasdaq lost 2.86%.
Prior to today's trading, shares of the company had gained 3.92% over the past month. This has outpaced the Oils-Energy sector's loss of 3.14% and the S&P 500's loss of 4.77% in that time.
Wall Street will be looking for positivity from TotalEnergies SE Sponsored ADR as it approaches its next earnings report date. The company is expected to report EPS of $2.98, up 16.86% from the prior-year quarter.
TTE's full-year Zacks Consensus Estimates are calling for earnings of $14.14 per share and revenue of $251.51 billion. These results would represent year-over-year changes of +111.68% and +25.24%, respectively.
Any recent changes to analyst estimates for TotalEnergies SE Sponsored ADR should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.93% lower. TotalEnergies SE Sponsored ADR currently has a Zacks Rank of #3 (Hold).
Investors should also note TotalEnergies SE Sponsored ADR's current valuation metrics, including its Forward P/E ratio of 4.48. Its industry sports an average Forward P/E of 5.36, so we one might conclude that TotalEnergies SE Sponsored ADR is trading at a discount comparatively.
It is also worth noting that TTE currently has a PEG ratio of 0.52. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Refining and Marketing was holding an average PEG ratio of 0.49 at yesterday's closing price.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 37, putting it in the top 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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TotalEnergies SE Sponsored ADR (TTE) Dips More Than Broader Markets: What You Should Know
TotalEnergies SE Sponsored ADR (TTE - Free Report) closed at $62.49 in the latest trading session, marking a -1.4% move from the prior day. This change lagged the S&P 500's 1.2% loss on the day. At the same time, the Dow lost 1.1%, and the tech-heavy Nasdaq lost 2.86%.
Prior to today's trading, shares of the company had gained 3.92% over the past month. This has outpaced the Oils-Energy sector's loss of 3.14% and the S&P 500's loss of 4.77% in that time.
Wall Street will be looking for positivity from TotalEnergies SE Sponsored ADR as it approaches its next earnings report date. The company is expected to report EPS of $2.98, up 16.86% from the prior-year quarter.
TTE's full-year Zacks Consensus Estimates are calling for earnings of $14.14 per share and revenue of $251.51 billion. These results would represent year-over-year changes of +111.68% and +25.24%, respectively.
Any recent changes to analyst estimates for TotalEnergies SE Sponsored ADR should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.93% lower. TotalEnergies SE Sponsored ADR currently has a Zacks Rank of #3 (Hold).
Investors should also note TotalEnergies SE Sponsored ADR's current valuation metrics, including its Forward P/E ratio of 4.48. Its industry sports an average Forward P/E of 5.36, so we one might conclude that TotalEnergies SE Sponsored ADR is trading at a discount comparatively.
It is also worth noting that TTE currently has a PEG ratio of 0.52. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Refining and Marketing was holding an average PEG ratio of 0.49 at yesterday's closing price.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 37, putting it in the top 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.