Equities analysts expect Imperial Oil Limited (NYSE:IMO – Get Rating) to post $12.99 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Imperial Oil’s earnings, with the lowest sales estimate coming in at $8.27 billion and the highest estimate coming in at $17.71 billion. Imperial Oil posted sales of $6.55 billion during the same quarter last year, which suggests a positive year over year growth rate of 98.3%. The firm is scheduled to announce its next earnings report on Monday, January 1st.
On average, analysts expect that Imperial Oil will report full year sales of $49.90 billion for the current year, with estimates ranging from $41.67 billion to $58.14 billion. For the next fiscal year, analysts forecast that the firm will report sales of $48.19 billion, with estimates ranging from $40.81 billion to $55.56 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that follow Imperial Oil.
A number of analysts recently commented on the company. Credit Suisse Group raised their price target on Imperial Oil from $51.00 to $56.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 8th. The Goldman Sachs Group upgraded Imperial Oil to a “buy” rating and increased their price objective for the stock from $56.00 to $63.00 in a report on Friday, February 11th. Finally, StockNews.com upgraded Imperial Oil from a “hold” rating to a “buy” rating in a report on Saturday, May 14th.
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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