For its first fiscal quarter (ending March 31), Imperial Oil Ltd (NYSEAMERICAN: IMO) has reported a 4% increase in E.P.S. from $2.14 a year ago to $2.23 in the current quarter. This result exceeded the consensus estimate of $1.43 by $0.80. For the latest four quarters through March 31, E.P.S. were $8.63 versus $11.89 for the same period a year ago — a decline of -27%.
Recent Price Action
On 4/26/24, Imperial Oil Ltd (NYSEAMERICAN: IMO) stock declined slightly by -0.8%, closing at $70.70. NORMAL trading volume accompanied the decline. The stock has been strong relative to the market over the last nine months and has risen 3.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, IMO is expected to continue to be an important Value Builder.
Imperial Oil has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Imperial Oil has a good Power Rating of 73 and a very high Appreciation Score of 89, triggering the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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