We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Imperial Oil (IMO) Stock Moves -0.8%: What You Should Know
Read MoreHide Full Article
Imperial Oil (IMO - Free Report) closed the most recent trading day at $47.11, moving -0.8% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.88%. Elsewhere, the Dow lost 0.82%, while the tech-heavy Nasdaq added 0.08%.
Coming into today, shares of the oil and gas and petroleum products company had lost 14.91% in the past month. In that same time, the Oils-Energy sector lost 14.09%, while the S&P 500 lost 8.06%.
Wall Street will be looking for positivity from Imperial Oil as it approaches its next earnings report date. This is expected to be July 29, 2022. On that day, Imperial Oil is projected to report earnings of $2.19 per share, which would represent year-over-year growth of 434.15%. Meanwhile, our latest consensus estimate is calling for revenue of $15.64 billion, up 138.69% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.71 per share and revenue of $54.6 billion, which would represent changes of +177.34% and +82.18%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Imperial Oil. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 10.56% higher. Imperial Oil is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, Imperial Oil is holding a Forward P/E ratio of 6.16. This valuation marks a discount compared to its industry's average Forward P/E of 6.5.
Investors should also note that IMO has a PEG ratio of 0.22 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Integrated - Canadian industry currently had an average PEG ratio of 0.68 as of yesterday's close.
The Oil and Gas - Integrated - Canadian industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 5, putting it in the top 2% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Imperial Oil (IMO) Stock Moves -0.8%: What You Should Know
Imperial Oil (IMO - Free Report) closed the most recent trading day at $47.11, moving -0.8% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.88%. Elsewhere, the Dow lost 0.82%, while the tech-heavy Nasdaq added 0.08%.
Coming into today, shares of the oil and gas and petroleum products company had lost 14.91% in the past month. In that same time, the Oils-Energy sector lost 14.09%, while the S&P 500 lost 8.06%.
Wall Street will be looking for positivity from Imperial Oil as it approaches its next earnings report date. This is expected to be July 29, 2022. On that day, Imperial Oil is projected to report earnings of $2.19 per share, which would represent year-over-year growth of 434.15%. Meanwhile, our latest consensus estimate is calling for revenue of $15.64 billion, up 138.69% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.71 per share and revenue of $54.6 billion, which would represent changes of +177.34% and +82.18%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Imperial Oil. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 10.56% higher. Imperial Oil is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, Imperial Oil is holding a Forward P/E ratio of 6.16. This valuation marks a discount compared to its industry's average Forward P/E of 6.5.
Investors should also note that IMO has a PEG ratio of 0.22 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Integrated - Canadian industry currently had an average PEG ratio of 0.68 as of yesterday's close.
The Oil and Gas - Integrated - Canadian industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 5, putting it in the top 2% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.