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Technip Energies NV (FR:TE)
:TE
Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.54Last Year’s EPS
0.48Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 32.04%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Positive
Technip Energies demonstrated strong financial performance with significant revenue and EPS growth, strategic project wins, and operational execution. However, challenges in TPS order intake and increased tax rate guidance pose some risks. Despite these challenges, the positive aspects, including upgraded revenue guidance and strategic diversification, outweigh the negatives.Company Guidance
During the call covering the first nine months of 2024, Technip Energies reported a strong financial performance and raised its full-year revenue guidance to a range of €6.5 billion to €6.8 billion, representing a 5% increase at the midpoint and implying double-digit growth for the year. The company achieved a 13% year-over-year revenue growth, driven by robust project delivery and a steady TPS revenue run rate of approximately €2 billion annually. Earnings per share increased by 35%, supported by revenue strength and higher financial income. Technip Energies also highlighted a €170 million return to shareholders through dividends and buybacks, equating to about 4.5% of its market cap. Additionally, the company maintained stable EBIT margins and a book-to-bill ratio around one, with expectations for orders to exceed revenue by year-end. The guidance anticipates continued growth into 2025, supported by a solid backlog and strong commercial outlook, despite a revised tax rate projection of 29% to 33% due to earnings mix changes and potential French surtax impacts.Revenue Growth and Guidance Upgrade
Technip Energies reported a robust revenue growth of 13% year-on-year and upgraded the 2024 revenue guidance by 5% at the midpoint to a new range of €6.5 billion to €6.8 billion.
EPS Growth
Earnings per share (EPS) grew by 35%, benefiting from stronger revenues and higher financial income.
Strategic Project Wins
The company secured positions on notable projects including a major LNG export terminal in the US, a blue hydrogen feed in the UK, and a green ammonia award for a joint venture, enhancing diversification and backlog for 2025.
Strong Financial Performance
Net profit increased by 35% to €280 million, and free cash flow was solid at €360 million. The company completed a share buyback program and returned more than €170 million to shareholders.
Operational Execution
Significant progress in Qatar with LNG projects NFE and NFS, and completion of the FEED for several key projects such as Arcadia eFuels and LaBarge Carbon Capture.
TPS Segment Growth
TPS delivered its highest ever quarterly revenue performance in Q3, with revenues up 3% year-over-year.
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FR:TE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FR:TE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | €20.60 | €22.84 | +10.87% |
| Aug 01, 2024 | €23.60 | €22.26 | -5.68% |
| May 02, 2024 | €21.70 | €21.25 | -2.07% |
| Feb 29, 2024 | €20.35 | €19.64 | -3.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Technip Energies NV (FR:TE) report earnings?
Technip Energies NV (FR:TE) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Technip Energies NV (FR:TE) earnings time?
Technip Energies NV (FR:TE) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Technip Energies NV stock?
The P/E ratio of Technip Energies NV is N/A.
What is FR:TE EPS forecast?
FR:TE EPS forecast for the fiscal quarter 2024 (Q4) is 0.54.
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