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Martin Midstream Partners L.P. (MMLP) Stock Sinks As Market Gains: What You Should Know

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Martin Midstream Partners L.P. (MMLP - Free Report) closed at $1.60 in the latest trading session, marking a -1.23% move from the prior day. This change lagged the S&P 500's 0.57% gain on the day. Elsewhere, the Dow gained 1.44%, while the tech-heavy Nasdaq lost 0.61%.

Heading into today, shares of the company had lost 12.9% over the past month, lagging the Transportation sector's loss of 3.02% and the S&P 500's gain of 0.83% in that time.

Wall Street will be looking for positivity from MMLP as it approaches its next earnings report date. On that day, MMLP is projected to report earnings of $0.02 per share, which would represent a year-over-year decline of 88.24%.

Investors should also note any recent changes to analyst estimates for MMLP. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. MMLP currently has a Zacks Rank of #3 (Hold).

Digging into valuation, MMLP currently has a Forward P/E ratio of 18. This represents a premium compared to its industry's average Forward P/E of 7.92.

The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 224, putting it in the bottom 13% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow MMLP in the coming trading sessions, be sure to utilize Zacks.com.


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