Revenue rose 4.6% to $5.69 billion from a year ago; analysts expected $6.52 billion. Imperial Oil Ltd’s reported EPS for the quarter was 43 cents.
The mean earnings estimate of analysts had risen by about 58.8% in the last three months. In the last 30 days one analyst negatively revised an earnings estimate and Imperial Oil Ltd shares had risen by 11.3% this quarter and gained 40.2% so far this year.
The company reported a quarterly net income of $318.98 million. Wall Street’s median 12-month price target for Imperial Oil Ltd is $28.48 * The current average analyst rating on the shares is “hold” and the breakdown of recommendations is 3 “strong buy” or “buy,” 14 “hold” and 2 “sell” or “strong sell.”