Analysts expect Imperial Oil Limited (NYSE:IMO – Get 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.
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.
- Get a free copy of the StockNews.com research report on Imperial Oil (IMO)
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