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Global Partners LP (GLP) Outperforms Broader Market: What You Need to Know
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Global Partners LP (GLP - Free Report) ended the recent trading session at $44.62, demonstrating a +1.46% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.29%. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq gained 0.43%.
The company's stock has climbed by 3.09% in the past month, exceeding the Oils-Energy sector's loss of 5.56% and the S&P 500's gain of 2.08%.
The upcoming earnings release of Global Partners LP will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.96, reflecting a 37.66% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $4.39 billion, indicating a 0.76% downward movement from the same quarter last year.
Investors should also pay attention to any latest changes in analyst estimates for Global Partners LP. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 6.71% lower. Right now, Global Partners LP possesses a Zacks Rank of #5 (Strong Sell).
With respect to valuation, Global Partners LP is currently being traded at a Forward P/E ratio of 11.31. This expresses a discount compared to the average Forward P/E of 13.9 of its industry.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 225, finds itself in the bottom 11% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Global Partners LP (GLP) Outperforms Broader Market: What You Need to Know
Global Partners LP (GLP - Free Report) ended the recent trading session at $44.62, demonstrating a +1.46% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.29%. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq gained 0.43%.
The company's stock has climbed by 3.09% in the past month, exceeding the Oils-Energy sector's loss of 5.56% and the S&P 500's gain of 2.08%.
The upcoming earnings release of Global Partners LP will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.96, reflecting a 37.66% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $4.39 billion, indicating a 0.76% downward movement from the same quarter last year.
Investors should also pay attention to any latest changes in analyst estimates for Global Partners LP. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 6.71% lower. Right now, Global Partners LP possesses a Zacks Rank of #5 (Strong Sell).
With respect to valuation, Global Partners LP is currently being traded at a Forward P/E ratio of 11.31. This expresses a discount compared to the average Forward P/E of 13.9 of its industry.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 225, finds itself in the bottom 11% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.