Zacks Investment Research·3d ago
Imperial Oil (IMO) is a Great Momentum Stock: Should You Buy?Does Imperial Oil (IMO) have what it takes to be a top stock pick for momentum investors? Let's find out.
Imperial Oil's recent earnings recovery appears driven mainly by commodity and refining spreads, with gross margin rising from 11.2% in Q3 2025 to 25.4% in Q3 2026 while revenue fell 2.6% year-over-year, suggesting the margin gain may not be structural.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue has been volatile, swinging from a 43.4% gain in Q2 2026 to a 2.6% decline in Q3 2026, while operating margin expanded from 5.5% in Q4 2025 to 19.9% in Q3 2026, indicating earnings are highly sensitive to commodity price cycles.
Imperial Oil Limited (IMO) has soared to a 52-week high, indicating strong market momentum and potential for further gains.
A bullish thesis on IMO highlights positive investor sentiment and potential upside in the stock.
Deep dive analysis reveals Imperial Oil's strong financial health, making it an attractive investment.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 30, 2026 | $3.65+6.4% vs $3.43 | $11.4B-8.4% vs $12.4B |
Q3 2026 Jul 31, 2026 | $3.27+9.4% vs $2.99 | $11.3B+3.5% vs $10.9B |
Q2 2026 May 1, 2026 | $1.41-18.5% vs $1.73 | $8.9B+3.9% vs $8.6B |
Q1 2026 Jan 30, 2026 | $1.41+3.7% vs $1.36 | $8.2B-6.5% vs $8.8B |
Does Imperial Oil (IMO) have what it takes to be a top stock pick for momentum investors? Let's find out.
Imperial Oil NYSEAMERICAN: IMO reported third-quarter net income of C$2.454 billion, up C$1.915 billion from the prior-year period, as higher commodity prices and record Downstream earnings supported results. The company generated more than C$3.2 billion in cash flow from operating activities and ended the quarter with C$2.9 billion in cash.
Imperial Oil Limited ( IMO:CA ) Q3 2026 Earnings Call October 30, 2026 11:00 AM EDT Company Participants Peter Shaw - Vice President of Investor Relations John Whelan - Chairman, President & CEO D. Lyons - Senior VP of Finance & Administration and Controller Cheryl Gomez-Smith - Senior Vice President of Upstream Scott Maloney Conference Call Participants Greg Pardy - RBC Capital Markets, Research Division Manav Gupta - UBS Investment Bank, Research Division Aayush Gupta - Wolfe Research, LLC Menno Hulshof - TD Cowen, Research Division Patrick O'Rourke - ATB Cormark Capital Markets Inc., Research Division Dennis Fong - CIBC Capital Markets, Research Division Travis Wood - National Bank Financial, Inc., Research Division Presentation Operator Good day, and welcome to the Imperial Oil Third Quarter 2026 Earnings Call.
While the top- and bottom-line numbers for Imperial Oil (IMO) give a sense of how the business performed in the quarter ended September 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Benchmark IMO against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Imperial Oil Limited (IMO)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $124.83 | $61.97B | 14.07 | -8.61% | 10.82% | 25.58% | 1.58% | |
| $27.45 | $50.62B | 8.21 | -13.98% | 15.38% | 25.85% | 2.02% | |
| $68.74 | $81.16B | 10.27 | -3.51% | 16.99% | 23.36% | 2.37% | |
| $48.55 | $101.26B | 12.18 | 23.87% | 24.35% | 28.73% | 3.38% | |
| $21.92 | $769.77M | -78.99 | 19.26% | -1.4% | -2.38% | 0.54% | |
| $372.74 | $108.82B | 7.13 | -4.44% | 8.35% | 56.77% | 1% |
Imperial Oil Limited (IMO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Imperial Oil Limited (IMO) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 30, 2026·SEC
Oct 30, 2026·SEC
Oct 20, 2026·SEC
Get notified when IMO posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
Imperial Oil Limited (IMO) stock FAQ — growth, dividends, profitability & financials explained
Imperial Oil Limited (IMO) reported $55.58B in revenue over the trailing twelve months. Revenue was $47.08B in fiscal year 2025. That is 353% more than the $10.38B of fiscal year 1996.
Imperial Oil Limited (IMO) grew revenue by 5.7% over the trailing twelve months, compared with the twelve months before.
Yes. Imperial Oil Limited (IMO) earned $6.01B in net income over the trailing twelve months (a 10.8% net margin).
Yes. Imperial Oil Limited (IMO) pays a dividend that yields 1.58% at the current price, a moderate yield.
Imperial Oil Limited (IMO) had a return on equity (ROE) of 25.6% over the trailing twelve months. That is well above the market's typical 10-15%.
Imperial Oil Limited (IMO) generated $6.24B in free cash flow over the trailing twelve months.
