Can TTE sustain its earnings growth into next year?

**TotalEnergies (TTE) faces significant challenges in sustaining its earnings growth into next year.** Here's why:

1. **Recent Performance**: TTE's net income and revenue have declined, with a net income of $4.02 billion and total revenue of $47.12 billion for the most recent quarter ending on December 31, 2024. The diluted EPS stands at $1.7, which has seen a YoY growth decline of 18.66%.

|code|Ticker|Name|Date|Total Revenue|Net Income|Diluted EPS|market_code|
|---|---|---|---|---|---|---|---|
|TTE|TTE.N|TotalEnergies|2024 Q1|5.1883E10|5.804E9|2.4|169|
|TTE|TTE.N|TotalEnergies|2024 Q2|4.9183E10|3.847E9|1.6|169|
|TTE|TTE.N|TotalEnergies|2024 Q3|4.7429E10|2.361E9|0.96|169|
|TTE|TTE.N|TotalEnergies|2024 Q4|4.7115E10|4.019E9|1.7|169|

|code|Ticker|Name|Date|Net Income YoY|Total Revenue YoY|Diluted EPS YoY|market_code|
|---|---|---|---|---|---|---|---|
|TTE|TTE.N|TotalEnergies|2024 Q1|3.07227845853312|-10.904469974069686|8.597285067873301|169|
|TTE|TTE.N|TotalEnergies|2024 Q2|-7.345857418111754|-4.562036713625956|-2.4390243902438913|169|
|TTE|TTE.N|TotalEnergies|2024 Q3|-64.7085201793722|-12.835168066454708|-64.83516483516483|169|
|TTE|TTE.N|TotalEnergies|2024 Q4|-20.210442723843556|-13.968775677896467|-18.66028708133971|169|

2. **Analyst Expectations**: The average analyst price target for TTE is $71.98, with a consensus rating of "Outperform". However, this is based on a one-year forecast, and the current market price is $53.37, indicating a potential upside.
3. **Strategic Moves**: TTE has been expanding its renewable energy portfolio, which could be a growth driver. But the impact of these acquisitions on short-term earnings is uncertain.
4. **Market Conditions**: The oil and gas industry is facing macroeconomic uncertainties, which could affect TTE's performance.
5. **Financial Health**: TTE has a strong financial position with a low leverage and defensive earnings, which could help it weather economic downturns. However, the impact of these factors on earnings growth is not directly quantifiable.

In conclusion, while TTE has potential growth drivers, the current financial data and market conditions suggest that sustaining earnings growth into next year may be challenging. The company's ability to execute its strategic plans and withstand industry headwinds will be crucial.