$2.18 EPS Expected for Imperial Oil Limited (NYSE:IMO) This Quarter

Analysts expect Imperial Oil Limited (NYSE:IMOGet Rating) to announce $2.18 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Imperial Oil’s earnings. The highest EPS estimate is $2.33 and the lowest is $2.02. Imperial Oil posted earnings per share of $0.41 during the same quarter last year, which indicates a positive year over year growth rate of 431.7%. The company is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Imperial Oil will report full year earnings of $6.98 per share for the current financial year, with EPS estimates ranging from $6.72 to $7.26. For the next fiscal year, analysts anticipate that the firm will report earnings of $6.58 per share, with EPS estimates ranging from $6.40 to $6.76. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Imperial Oil.

A number of research firms recently issued reports on IMO. StockNews.com raised Imperial Oil from a “hold” rating to a “buy” rating in a research report on Saturday, May 14th. Credit Suisse Group upped their price objective on Imperial Oil from $51.00 to $56.00 and gave the company a “neutral” rating in a research note on Tuesday, March 8th. Finally, The Goldman Sachs Group raised Imperial Oil to a “buy” rating and boosted their target price for the stock from $56.00 to $63.00 in a report on Friday, February 11th.

Shares of IMO stock opened at $52.03 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.08 and a debt-to-equity ratio of 0.23. The firm has a market cap of $34.82 billion, a PE ratio of 13.87, a PEG ratio of 0.24 and a beta of 1.53. The firm’s fifty day moving average price is $48.74. Imperial Oil has a 1 year low of $23.94 and a 1 year high of $54.15.

Imperial Oil Company Profile (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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