• Imperial Oil Ltd IMO.TO reported quarterly adjusted earnings of C$1.86​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of C$2.11. The mean expectation of eight analysts for the quarter was for earnings of C$1.64 per share. Wall Street expected results to range from C$1.47 to C$1.81 per share.

• Revenue fell 16.1% to C$11.23 billion from a year ago; analysts expected C$12.21 billion.

• Imperial Oil Ltd's reported EPS for the quarter was C$1.86​.

• The company reported quarterly net income of C$949 million.

• Imperial Oil Ltd shares had risen by 6.8% this quarter and gained 30.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 18.8% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 11 "hold" and 4 "sell" or "strong sell." The average consensus recommendation for the oil & gas refining and marketing peer group is "buy."

• Wall Street's median 12-month price target for Imperial Oil Ltd is C$107.00, about 7.4% below its last closing price of C$114.90

This summary was machine generated from LSEG data August 1 at 10:06 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)