Imperial Oil Ltd (IMO:CA), a leading player in the Canadian oil and gas sector, is set to release its Q4 earnings report on January 31, 2025. Investors are keenly watching the results, as the market anticipates a year-over-year decline in earnings despite higher revenues. The stock’s performance leading up to the earnings announcement, combined with analyst ratings, could influence investor sentiment in the short term.
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Expected Q4 Earnings Report of Imperial Oil Ltd:
Analysts project Imperial Oil to report an earnings per share (EPS) of $1.42 for Q4, compared to the same period last year. Despite the drop in earnings, revenues are projected to be $11.2 billion, marking a 16.3% increase year-over-year.
Recent analyst estimates revisions have seen a 0.62% increase in EPS projections over the last 30 days, indicating a cautiously optimistic outlook.
Stock Target Advisor’s Analysis on Imperial Oil Ltd:
According to Stock Target Advisor, Imperial Oil holds a neutral rating, with a mix of nine positive signals and eight negative signals. The stock has shown strong capital appreciation, with a 30.7% gain over the past year.
Imperial Oil has received mixed ratings from analysts leading up to its earnings release:
- Morgan Stanley & Co.: Hold, Target CAD 96
- CIBC World Markets: Target raised from CAD 105 to CAD 108
- STA Research: Hold, Target CAD 80
- Scotia Capital: Sector Perform, Target CAD 110
The average analyst target price for Imperial Oil over the next 12 months stands at CAD 98.80, slightly below its last closing price of CAD 101.36.
Conclusion:
With its Q4 earnings report just around the corner, Imperial Oil faces a mixed outlook. While revenue growth remains robust, profitability concerns and valuation pressures persist. Analyst ratings suggest neutral to cautious sentiment, with some firms raising price targets but maintaining Hold recommendations.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
