Tue Sep 17 06:14:49 UTC 2024: ## Imperial Oil’s Earnings Outlook Upgraded: Zacks Research Raises FY2025 EPS Estimates

**CALGARY, CANADA** – Imperial Oil Limited (TSE:IMO) received a boost in its earnings outlook as Zacks Research analysts raised their FY2025 EPS estimates for the company. In a note released on Thursday, September 12th, Zacks Research analyst R. Department predicted that Imperial Oil will post earnings of $8.49 per share for the year, surpassing their previous estimate of $8.34.

This optimistic outlook follows the company’s strong Q2 2024 earnings report released on August 2nd. Imperial Oil exceeded analysts’ expectations with C$2.11 EPS, beating the consensus estimate of C$1.94 by C$0.17. Revenue for the quarter reached C$13.38 billion, although slightly below analysts’ expectations of C$14.30 billion.

Despite the revenue shortfall, Imperial Oil continues to perform well, boasting a 10.09% net margin and a 22.17% return on equity. The company has also declared a quarterly dividend of $0.60, payable on October 1st to shareholders of record on the same date. This represents an annualized dividend of $2.40 and a dividend yield of 2.64%.

Imperial Oil, a leading Canadian energy company, engages in the exploration, production, and sale of crude oil and natural gas. Its operations are divided into three segments: Upstream, Downstream, and Chemical. The company’s focus on maximizing shareholder value through efficient operations and strategic investments continues to garner investor interest.

**Disclaimer: This news article is based on information provided in the original text and does not constitute financial advice. Investors should conduct their own due diligence before making any investment decisions.**

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