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Insights Into TotalEnergies (TTE) Q3: Wall Street Projections for Key Metrics
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Wall Street analysts forecast that TotalEnergies SE Sponsored ADR (TTE - Free Report) will report quarterly earnings of $4.11 per share in its upcoming release, pointing to a year-over-year increase of 132.2%. It is anticipated that revenues will amount to $53.72 billion, exhibiting an increase of 22.5% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone an upward revision of 16% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain TotalEnergies metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts' assessment points toward 'Operating Revenues- Exploration & Production' reaching $11.66 billion. The estimate indicates a change of +13.4% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Operating Revenues- Refining & Chemicals' of $64.75 billion. The estimate suggests a change of +130.2% year over year.
The average prediction of analysts places 'Operating Revenues- Marketing & Services' at $19.08 billion. The estimate indicates a year-over-year change of +21.3%.
The combined assessment of analysts suggests that 'Operating Revenues- Corporate' will likely reach $40.67 million. The estimate indicates a change of -7.6% from the prior-year quarter.
The consensus among analysts is that 'Liquids Production per day - Total' will reach 1,439.05 thousands of barrels of oil. Compared to the current estimate, the company reported 1,553.00 thousands of barrels of oil in the same quarter of the previous year.
The consensus estimate for 'Gas Production per day - Total' stands at 5468 thousands of cubic feet per day. Compared to the current estimate, the company reported 5182 thousands of cubic feet per day in the same quarter of the previous year.
It is projected by analysts that the 'Total Refinery Throughput per day' will reach 1,505.33 thousands of barrels of oil. Compared to the present estimate, the company reported 1,478.00 thousands of barrels of oil in the same quarter last year.
Analysts forecast 'Refinery utilization rate' to reach 86.8%. Compared to the present estimate, the company reported 84.0% in the same quarter last year.
According to the collective judgment of analysts, 'Combined Liquids and Gas Production per day - Total' should come in at 2448 thousands of barrels of oil equivalent per day. Compared to the current estimate, the company reported 2508 thousands of barrels of oil equivalent per day in the same quarter of the previous year.
Analysts predict that the 'Total Hydrocarbon Production per day - EP Segment' will reach 1901 thousands of barrels of oil equivalent per day. Compared to the current estimate, the company reported 2026 thousands of barrels of oil equivalent per day in the same quarter of the previous year.
Analysts expect 'Liquids Production per day - EP Segment' to come in at 1,375.93 thousands of barrels of oil. Compared to the present estimate, the company reported 1,501.00 thousands of barrels of oil in the same quarter last year.
Based on the collective assessment of analysts, 'Gas Production per day - LNG Segment' should arrive at 2664 thousands of cubic feet per day. The estimate is in contrast to the year-ago figure of 2400 thousands of cubic feet per day.
Over the past month, TotalEnergies shares have recorded returns of +3.8% versus the Zacks S&P 500 composite's -0.8% change. Based on its Zacks Rank #1 (Strong Buy), TTE will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Insights Into TotalEnergies (TTE) Q3: Wall Street Projections for Key Metrics
Wall Street analysts forecast that TotalEnergies SE Sponsored ADR (TTE - Free Report) will report quarterly earnings of $4.11 per share in its upcoming release, pointing to a year-over-year increase of 132.2%. It is anticipated that revenues will amount to $53.72 billion, exhibiting an increase of 22.5% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone an upward revision of 16% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain TotalEnergies metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts' assessment points toward 'Operating Revenues- Exploration & Production' reaching $11.66 billion. The estimate indicates a change of +13.4% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Operating Revenues- Refining & Chemicals' of $64.75 billion. The estimate suggests a change of +130.2% year over year.
The average prediction of analysts places 'Operating Revenues- Marketing & Services' at $19.08 billion. The estimate indicates a year-over-year change of +21.3%.
The combined assessment of analysts suggests that 'Operating Revenues- Corporate' will likely reach $40.67 million. The estimate indicates a change of -7.6% from the prior-year quarter.
The consensus among analysts is that 'Liquids Production per day - Total' will reach 1,439.05 thousands of barrels of oil. Compared to the current estimate, the company reported 1,553.00 thousands of barrels of oil in the same quarter of the previous year.
The consensus estimate for 'Gas Production per day - Total' stands at 5468 thousands of cubic feet per day. Compared to the current estimate, the company reported 5182 thousands of cubic feet per day in the same quarter of the previous year.
It is projected by analysts that the 'Total Refinery Throughput per day' will reach 1,505.33 thousands of barrels of oil. Compared to the present estimate, the company reported 1,478.00 thousands of barrels of oil in the same quarter last year.
Analysts forecast 'Refinery utilization rate' to reach 86.8%. Compared to the present estimate, the company reported 84.0% in the same quarter last year.
According to the collective judgment of analysts, 'Combined Liquids and Gas Production per day - Total' should come in at 2448 thousands of barrels of oil equivalent per day. Compared to the current estimate, the company reported 2508 thousands of barrels of oil equivalent per day in the same quarter of the previous year.
Analysts predict that the 'Total Hydrocarbon Production per day - EP Segment' will reach 1901 thousands of barrels of oil equivalent per day. Compared to the current estimate, the company reported 2026 thousands of barrels of oil equivalent per day in the same quarter of the previous year.
Analysts expect 'Liquids Production per day - EP Segment' to come in at 1,375.93 thousands of barrels of oil. Compared to the present estimate, the company reported 1,501.00 thousands of barrels of oil in the same quarter last year.
Based on the collective assessment of analysts, 'Gas Production per day - LNG Segment' should arrive at 2664 thousands of cubic feet per day. The estimate is in contrast to the year-ago figure of 2400 thousands of cubic feet per day.
View all Key Company Metrics for TotalEnergies here>>>Over the past month, TotalEnergies shares have recorded returns of +3.8% versus the Zacks S&P 500 composite's -0.8% change. Based on its Zacks Rank #1 (Strong Buy), TTE will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .