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

• Imperial Petroleum Inc IMPP.OQ reported quarterly adjusted earnings of 35 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 27 cents. The lone analyst forecast for the quarter was for earnings of 34 cents per share.

• Revenue rose 95.1% to $51.14 million from a year ago; analysts expected $41.50 million.

• Imperial Petroleum Inc's reported EPS for the quarter was 29 cents​.

• The company reported quarterly net income of $14.96 million.

• Imperial Petroleum Inc shares had risen by 15.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 70.3% 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 $6.00, about 30.4% above its last closing price of $4.18

This summary was machine generated from LSEG data March 6 at 03:13 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)