Why Imperial Oil (IMO) is Poised to Beat Earnings Estimates Again

Core Viewpoint - Imperial Oil (IMO) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of exceeding expectations [1]. Earnings Performance - The company has a solid track record of surpassing earnings estimates, with an average surprise of 12.48% over the last two quarters [2]. - In the most recent quarter, Imperial Oil reported earnings of $1.34 per share, exceeding the expected $1.22 per share by 9.84%. In the previous quarter, it reported $1.75 per share against an estimate of $1.52 per share, resulting in a surprise of 15.13% [3]. Earnings Estimates and Predictions - Recent estimates for Imperial Oil have been revised upward, indicating growing analyst confidence in its near-term earnings potential. The Zacks Earnings ESP for the company is currently positive at +12.12% [6][9]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat, with historical data indicating that nearly 70% of stocks with this combination exceed consensus estimates [7][9]. Earnings ESP Explanation - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions, which may provide a more accurate prediction of earnings [8].