IMO

Imperial Oil is expected to report Q3 2026 earnings on October 30, with consensus estimates of $3.43 EPS (up 118.5% YoY) and $15.44B in revenues (up 76.4% YoY). However, with an Earnings ESP of 0% and Zacks Rank #3, the stock is not considered a compelling earnings-beat candidate. The company has beaten consensus estimates in 3 of the last 4 quarters.

Eni SpA (E) and Imperial Oil (IMO) are outperforming the broader Oils-Energy sector year-to-date. Eni has returned 51.4% versus the sector average of 35.5%, with analyst sentiment improving as consensus earnings estimates have risen 28.8% over the past 90 days. Imperial Oil has returned 50.2% and carries a Zacks Rank #1 (Strong Buy) rating with a 16.5% increase in consensus EPS estimates over three months.

Zacks highlights three stocks with Rank #1 (Strong Buy) ratings and strong value characteristics: FitLife Brands (FTLF), a nutritional supplements company with a P/E of 10.41 and Value Score A; Imperial Oil (IMO), an oil and gas explorer with a P/E of 11.04 and Value Score B; and Permian Resources (PR), an oil and gas company with a P/E of 9.79 and Value Score B. All three have seen earnings estimate increases over the last 60 days.

Marathon Petroleum (MPC) has significantly outperformed the Oils-Energy sector in 2026, returning 141.1% year-to-date compared to the sector average of 28.1%. The stock holds a Zacks Rank #1 (Strong Buy) with consensus earnings estimates up 79.5% in the past quarter. Imperial Oil (IMO) is also highlighted as an outperformer with 41.2% year-to-date returns and a Zacks Rank #2 (Buy).

Cenovus Energy (CVE) has rallied 95.3% over the past year, outperforming its industry peers. The company is targeting over 1 million barrels of oil equivalent per day in upstream production by 2028, supported by expansion projects like Christina Lake North and acquisitions including MEG Energy and Athabasca Oil. CVE's integrated business model combining upstream and downstream operations provides a hedge against oil price volatility, while its valuation at 5.95X EV/EBITDA trades at a discount to the industry average.

Cenovus Energy is accelerating production growth through its Christina Lake North assets, which are already exceeding capacity at 110,000 barrels per day. The company plans $400 million in capital investments to add 40,000 barrels per day by 2028 and is acquiring Athabasca Oil Corporation to add 45 Mboe per day, strengthening its oil sands portfolio and long-term growth prospects.