Imperial Petroleum Inc reports results for the quarter ended September 30 - Earnings Summary

Imperial Petroleum

02/12/2024 15:26

* Imperial Petroleum Inc  IMPP.OQ  reported quarterly
adjusted
earnings of 27 cents​​ per share for the quarter ended September
30.  The lone analyst forecast for the quarter was for earnings
of 26 cents per share. 
    * Revenue was $33.02 million​; analysts expected $35.80
million. 
    * Imperial Petroleum Inc's reported EPS for the quarter was
27
cents​.
    * The company reported quarterly net income of $10.06
million.
    * Imperial Petroleum Inc shares had fallen by 23.4% this
quarter and gained 20.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 13% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the renewable
fuels
peer group is also "buy"

Wall Street's median 12-month price target for Imperial
Petroleum Inc is $8.00 
This summary was machine generated from LSEG data December 2 at
03:26 p.m. UTC. ​All figures in US 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.26           0.27           Beat
 Jun. 30 2024      0.42           0.56           Beat
 Mar. 31 2024      0.23           0.59           Beat