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Here's What to Expect From TOTAL (TOT) This Earnings Season
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TOTAL SE is set to report fourth-quarter earnings on Feb 9, before the opening bell. This integrated oil and gas company delivered an earnings surprise of 102.2% in the last four quarters, on average.
Let’s focus on the factors that might have impacted its fourth-quarter performance.
Factors at Play
During the quarter, TOTAL continued to strengthen its overall portfolio through acquisitions, tie-ups, and monetization of non-core assets, which is expected to get reflected in fourth-quarter results.
Weakness in refining margins and low demand for jet fuel are likely to have had an adverse impact on fourth-quarter earnings. TOTAL continued with strong cost-management initiatives, which are likely to have boosted margins in the fourth quarter. Production from new startups is likely to have offset the impact from the natural decline of fields in the fourth quarter.
Expectation
The Zacks Consensus Estimate for fourth-quarter earnings is 46 cents, which indicates a 61.34% decline from the year-ago reported figure.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict 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 not the case here as you will see below. You can seethe 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 0.00%.
Zacks Rank: TOTAL currently carries a Zacks Rank of 2.
Stocks to Consider
Investors can consider the following players from the same sector that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Devon Energy Corporation (DVN - Free Report) is scheduled to release fourth-quarter 2020 numbers on Feb 16. It has an Earnings ESP of +11.11% and sports a Zacks Rank #1.
Diamondback Energy (FANG - Free Report) is scheduled to release fourth-quarter 2020 numbers on Feb 23. It has an Earnings ESP of +8.23% and carries a Zacks Rank #2.
EOG Resources (EOG - Free Report) is slated to release fourth-quarter 2020 numbers on Feb 26. It has an Earnings ESP of +4.83% and carries a Zacks Rank of 2.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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Here's What to Expect From TOTAL (TOT) This Earnings Season
TOTAL SE is set to report fourth-quarter earnings on Feb 9, before the opening bell. This integrated oil and gas company delivered an earnings surprise of 102.2% in the last four quarters, on average.
Let’s focus on the factors that might have impacted its fourth-quarter performance.
Factors at Play
During the quarter, TOTAL continued to strengthen its overall portfolio through acquisitions, tie-ups, and monetization of non-core assets, which is expected to get reflected in fourth-quarter results.
Weakness in refining margins and low demand for jet fuel are likely to have had an adverse impact on fourth-quarter earnings. TOTAL continued with strong cost-management initiatives, which are likely to have boosted margins in the fourth quarter. Production from new startups is likely to have offset the impact from the natural decline of fields in the fourth quarter.
Expectation
The Zacks Consensus Estimate for fourth-quarter earnings is 46 cents, which indicates a 61.34% decline from the year-ago reported figure.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict 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 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 SE Price and EPS Surprise
TOTAL SE price-eps-surprise | TOTAL SE Quote
Earnings ESP: The company has an Earnings ESP of 0.00%.
Zacks Rank: TOTAL currently carries a Zacks Rank of 2.
Stocks to Consider
Investors can consider the following players from the same sector that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Devon Energy Corporation (DVN - Free Report) is scheduled to release fourth-quarter 2020 numbers on Feb 16. It has an Earnings ESP of +11.11% and sports a Zacks Rank #1.
Diamondback Energy (FANG - Free Report) is scheduled to release fourth-quarter 2020 numbers on Feb 23. It has an Earnings ESP of +8.23% and carries a Zacks Rank #2.
EOG Resources (EOG - Free Report) is slated to release fourth-quarter 2020 numbers on Feb 26. It has an Earnings ESP of +4.83% and carries a Zacks Rank of 2.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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