Imperial Oil Earlier Reported Q1 2024 GAAP EPS $1.65 Misses $2.04 Estimate, Sales $9.113B Miss $17.172B Estimate
Portfolio Pulse from Benzinga Newsdesk
Imperial Oil reported Q1 2024 earnings of $1.65 per share, missing the $2.04 estimate, with sales of $9.113B also missing the $17.172B estimate. This represents a slight increase of 1.64% in sales compared to the same period last year.
April 26, 2024 | 1:52 pm
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NEGATIVE IMPACT
Imperial Oil missed Q1 2024 earnings and sales estimates, with a slight year-over-year sales increase.
Missing both earnings per share and sales estimates significantly, especially by 19.12% for EPS and 46.93% for sales, is likely to negatively impact investor sentiment and stock price in the short term. The slight increase in year-over-year sales may not be sufficient to offset the negative impact of missing estimates.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100