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

You should learn about the 1 warning sign we've spotted with Imperial Oil.

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