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TOTAL (TOT) to Report Q3 Earnings: What's in the Cards?

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TOTAL S.A. (TOT - Free Report) is set to report third-quarter earnings on Oct 30, before the opening bell. This integrated oil and gas company delivered a negative earnings surprise of 14.63% in the last reported quarter.

Let’s see how things have shaped up for this earnings season.

Factors at Play

During the third quarter, TOTAL continued to expand LNG operations through acquisitions and the startup of projects. This is likely to have boosted the company’s total production.

During the quarter, TOTAL signed an agreement to divest its interest in the Trapil pipeline network to Pisto SAS and sell some of its non-core U.K. assets to Petrogas. These developments allowed TOTAL to focus more on profitable core operations during the third quarter.

During the quarter, the company opened its 1000th solarized service station and continued to work on the strategy of producing more power from renewable sources.

However, fluctuation in commodity prices during the quarter might have affected earnings.
                
The Zacks Consensus Estimate for third-quarter earnings is 99 cents per share, which indicates a decline of 32.65% from the year-ago reported figure.

Why a Likely Positive Surprise?

Our proven model does not conclusively predict an earnings beat for TOTAL this time around. A stock needs to have both a positive Earnings ESP (which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to surpass estimates. That is not 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.

TOTAL S.A. Price and EPS Surprise

TOTAL S.A. Price and EPS Surprise

TOTAL S.A. price-eps-surprise | TOTAL S.A. Quote

Earnings ESP: The company has an Earnings ESP of 0.00%.

Zacks Rank: TOTAL currently carries a Zacks Rank #5 (Strong Sell).

Stocks to Consider

Investors can consider the following players from the same sector that have the right combination of elements to post earnings beat in the to-be-reported quarter.

Phillips 66 (PSX - Free Report) is slated to release third-quarter 2019 numbers on Oct 25. It has an Earnings ESP of +4.50% and carries a Zacks Rank #3.

Petroleo Brasileiro S.A. or Petrobras (PBR - Free Report) is scheduled to release third-quarter 2019 numbers on Nov 5. It has an Earnings ESP of +17.24% and carries a Zacks Rank #3.

Occidental Petroleum Corporation (OXY - Free Report) is set to release third-quarter 2019 numbers on Nov 4. It has an Earnings ESP of +1.99% and carries a Zacks Rank #3.

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