Zacks: Brokerages expect Imperial Oil Ltd. (NYSE: IMO) reports earnings of $1.27 per share

The brokers expect Imperial Oil Ltd. (NYSE:IMO – Get Rating) will report earnings per share (EPS) of $1.27 for the current quarter, according to Zacks. Two analysts have made estimates for Imperial Oil’s earnings, with the lowest EPS estimate being $1.22 and the highest estimate $1.32. Imperial posted earnings per share of $0.42 in the same quarter last year, suggesting a positive year-over-year growth rate of 202.4%. The company is expected to release its next quarterly earnings report on Friday, April 29.

According to Zacks, analysts expect Imperial to report annual earnings of $4.85 per share for the current fiscal year, with EPS estimates ranging from $4.26 to $5.42. For next year, analysts expect the company to post earnings of $3.71 per share, with EPS estimates ranging from $3.55 to $3.86. Zacks Investment Research earnings per share averages are an average based on a survey of research companies that track Imperial Oil.

IMO has been the subject of a number of recent research reports. downgraded Imperial Oil shares from a “buy” rating to a “hold” rating in a Monday, Feb. 14 research rating. Goldman Sachs Group upgraded Imperial Oil to a “buy” rating and raised its price target for the company from $56.00 to $63.00 in a Friday, February 11 report.

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IMO shares opened at $43.85 on Friday. The company has a debt ratio of 0.23, a quick ratio of 1.09 and a current ratio of 1.41. Imperial Oil has a fifty-two week low of $21.74 and a fifty-two week high of $45.33. The company has a market capitalization of $29.34 billion, a P/E ratio of 15.72, a PEG ratio of 0.32 and a beta of 1.70.

About Imperial Oil (Get a rating)

Imperial Oil Ltd. engages in the provision of integrated petroleum business. It operates through the following business segments: Upstream, Downstream, Chemicals and Corporate and Others. The Upstream segment includes the exploration and production of crude oil, natural gas, synthetic oil and bitumen. The Downstream segment focuses on the refining of crude oil into petroleum products.

Further reading

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