Imperial Oil (IMO) Beats Q3 Earnings Estimates

Earnings Performance - Imperial Oil reported quarterly earnings of $1.71 per share, exceeding the Zacks Consensus Estimate of $1.48 per share, but down from $2.06 per share a year ago, representing an earnings surprise of 15.54% [1] - The company posted revenues of $9.72 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 13.91% and down from $10.38 billion year-over-year [2] Stock Performance - Imperial Oil shares have increased approximately 30.2% since the beginning of the year, outperforming the S&P 500's gain of 19.6% [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.42 on revenues of $11.08 billion, and for the current fiscal year, it is $6.14 on revenues of $39.64 billion [7] - The Zacks Industry Rank for Oil and Gas - Integrated - Canadian is currently in the bottom 1% of over 250 Zacks industries, indicating potential challenges for stock performance [8]