Imperial Oil (IMO) Expected to Beat Earnings Estimates: Should You Buy?

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Imperial Oil despite higher revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Imperial Oil is expected to report quarterly earnings of $1.32 per share, reflecting a year-over-year decrease of 22.8%, while revenues are projected to be $11.98 billion, an increase of 23.2% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 6.81% higher in the last 30 days, indicating a positive reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows a positive Earnings ESP of +12.12% for Imperial Oil, suggesting analysts are optimistic about the company's earnings prospects [12]. Historical Performance - Imperial Oil has consistently beaten consensus EPS estimates, achieving this in the last four quarters, including a surprise of +9.84% in the most recent quarter [13][14]. Investment Considerations - While a positive earnings surprise is likely, other factors may influence stock performance, making it essential to consider the broader context beyond just earnings results [15][17].