Yahoo Finance Imperial Oil Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Imperial Oil (TSE:IMO) Second Quarter 2024 Results
Key Financial Results
Revenue: CA$13.4b (up 14% from 2Q 2023).
Net income: CA$1.13b (up 68% from 2Q 2023).
Profit margin: 8.5% (up from 5.7% in 2Q 2023). The increase in margin was driven by higher revenue.
EPS: CA$2.11 (up from CA$1.16 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Imperial Oil EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 26%. Earnings per share (EPS) exceeded analyst estimates by 5.9%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.2% growth forecast for the Oil and Gas industry in Canada.
Performance of the Canadian Oil and Gas industry.
The company's shares are down 1.1% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Imperial Oil that you should be aware of.
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