Imperial Petroleum (NASDAQ: IMPP) is set to announce its financial results for the second quarter of 2024 on Tuesday 27th August 2024. This highly anticipated announcement is scheduled to take place before market open. Investors will have the opportunity to learn more about the company's performance during the quarter.
Financial analysts on Wall Street are predicting that the organization is about to reveal an estimated $0.42 profit per share for the quarter. Additionally, the company is projected to announce a total revenue of $39.4 million for this period.
The company's full-year performance projections, as provided by Wall Street analysts, suggest a total revenue of $160.5 million. Further, they expect the earnings per share to achieve profit of $1.62 for the fiscal year.
When examining the corresponding quarter from the previous year, the company's earnings report highlighted a per-share income of $1.46. This results was derived from the company's total revenue, which reached an impressive $59.04 million during same quarter.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q1 2024 | $0.59 | -74.5% | 41.20 M | -37.0% |
| Q4 2023 | $0.01 | -85.7% | 29.88 M | -21.2% |
| Q3 2023 | $0.19 | +137.5% | 29.38 M | -31.1% |
*Growth on year-over-year basis
IMPP will host a conference call with investment community on 27th August 2024 at 11:00 AM eastern time to discuss the financial results.
Friday's trading saw Imperial Petroleum (IMPP) shares hit a low of $3.78 and a high of $3.93, with a day volume of 206.70 thousand shares. The stock closed the regular trading session at $3.92, reflecting 3.98 percent advance.
