Believability index shows TOTAL likely to deliver 165% of Q3 PAT forecasts
Category: Corporate Earnings
Total Nigeria Plc presented its Q3 earnings forecast for the period ended September 30th 2012 to the market today.
Proshare has reviewed the forecast against its believability index, relying on previous performances against forecast; to confirm the following: That Total Nigeria Plc has a 165% chance of achieving or exceeding its PAT forecast and a 127% chance of delivering on its Turnover projections for the period in view.
The impressive PAT of N3.8Billion declared against N702.9Million forecast in Q4’11 impacted this considerably.
This weights fall within the 'most believable' forecast range for quoted companies in the sector.