Imperial Oil Limited (NYSE:IMO) Expected to Announce Earnings of $1.92 Per Share

Equities analysts expect that Imperial Oil Limited (NYSE:IMOGet Rating) will report earnings of $1.92 per share for the current quarter, according to Zacks. Two analysts have made estimates for Imperial Oil’s earnings, with the lowest EPS estimate coming in at $1.82 and the highest estimate coming in at $2.02. Imperial Oil posted earnings of $0.41 per share during the same quarter last year, which would suggest a positive year over year growth rate of 368.3%. The business is scheduled to report its next earnings results on Monday, January 1st.

On average, analysts expect that Imperial Oil will report full year earnings of $6.69 per share for the current year, with EPS estimates ranging from $6.40 to $6.95. For the next fiscal year, analysts anticipate that the firm will report earnings of $6.36 per share, with EPS estimates ranging from $5.95 to $6.76. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Imperial Oil.

Imperial Oil (NYSE:IMOGet Rating) last released its quarterly earnings results on Tuesday, February 1st. The company reported $0.94 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.07 by ($0.13). The firm had revenue of $9.77 billion for the quarter, compared to analysts’ expectations of $10.24 billion. Imperial Oil had a return on equity of 11.56% and a net margin of 6.59%.

Several research firms have recently weighed in on IMO. StockNews.com downgraded shares of Imperial Oil from a “buy” rating to a “hold” rating in a research report on Thursday, April 21st. The Goldman Sachs Group raised shares of Imperial Oil to a “buy” rating and boosted their target price for the stock from $56.00 to $63.00 in a research report on Friday, February 11th. Finally, Credit Suisse Group boosted their target price on shares of Imperial Oil from $51.00 to $56.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 8th.

Shares of IMO traded up $0.06 during midday trading on Friday, hitting $50.14. The company had a trading volume of 1,875,295 shares, compared to its average volume of 460,275. The firm has a 50 day moving average price of $46.94. The stock has a market cap of $33.55 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 0.24 and a beta of 1.67. Imperial Oil has a 52 week low of $23.94 and a 52 week high of $52.54. The company has a current ratio of 1.41, a quick ratio of 1.21 and a debt-to-equity ratio of 0.23.

About Imperial Oil (Get Rating)

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores for, and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2021, this segment had 386 million oil-equivalent barrels of proved undeveloped reserves.

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