Imperial Oil: Not The Cheapest Candidate Around
Portfolio Pulse from
Imperial Oil's Q3 2024 results showed revenue below expectations, but earnings per share exceeded estimates. The stock is considered cheap compared to most industries but pricey relative to other large integrated energy businesses, leading to a 'hold' rating. The company continues stock buybacks and dividends.
November 07, 2024 | 1:15 pm
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Imperial Oil's Q3 2024 results showed revenue below expectations, but EPS exceeded estimates. The stock is cheap compared to most industries but pricey relative to peers, leading to a 'hold' rating. The company continues stock buybacks and dividends.
The mixed Q3 results with revenue below expectations but EPS exceeding estimates suggest a neutral short-term impact. The stock's valuation is considered high among peers, justifying a 'hold' rating. Continued buybacks and dividends provide some support.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100