This story originally appeared on Zacks
TotalEnergies SE Sponsored ADR (TTE) closed the most recent trading day at $55.52, moving -0.91% from the previous trading session. This move was narrower than the S&P 500’s daily loss of 1.42%. At the same time, the Dow lost 0.49%, and the tech-heavy Nasdaq lost 0.47%.
Prior to today’s trading, shares of the company had gained 11.86% over the past month. This has outpaced the Oils-Energy sector’s gain of 8.29% and the S&P 500’s gain of 0.39% in that time.
Wall Street will be looking for positivity from TotalEnergies SE Sponsored ADR as it approaches its next earnings report date. In that report, analysts expect TotalEnergies SE Sponsored ADR to post earnings of $2.02 per share. This would mark year-over-year growth of 339.13%.
Investors might also notice recent changes to analyst estimates for TotalEnergies SE Sponsored ADR. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.75% higher. TotalEnergies SE Sponsored ADR is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, TotalEnergies SE Sponsored ADR currently has a Forward P/E ratio of 7.74. For comparison, its industry has an average Forward P/E of 20.34, which means TotalEnergies SE Sponsored ADR is trading at a discount to the group.
It is also worth noting that TTE currently has a PEG ratio of 0.37. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account. TTE’s industry had an average PEG ratio of 1.6 as of yesterday’s close.
The Alternative Energy – Other industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 97, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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