HSBC Raises TotalEnergies Quarterly Earnings Estimate by 34% to $9 Billion
HSBC analyst Kim Fustier raises the estimate by $2.3 billion, to $9 billion, citing stronger-than-expected third-quarter performance, exceptional downstream results and rebounding LNG prices.
TotalEnergies' stronger-than-expected third-quarter update was driven by an exceptional downstream performance and rebounding LNG prices, HSBC analyst Kim Fustier writes. HSBC increases its quarterly earnings estimates by 34%, or $2.3 billion, to $9 billion--15% above Visible Alpha consensus. The l…