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Global Partners LP (GLP) Ascends While Market Falls: Some Facts to Note
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The most recent trading session ended with Global Partners LP (GLP - Free Report) standing at $46.99, reflecting a +1.27% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily loss of 0.32%. On the other hand, the Dow registered a loss of 0.71%, and the technology-centric Nasdaq decreased by 0.2%.
Heading into today, shares of the company had gained 8.06% over the past month, outpacing the Oils-Energy sector's loss of 2.12% and the S&P 500's gain of 4.59% in that time.
Investors will be eagerly watching for the performance of Global Partners LP in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.96, indicating a 37.66% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $4.39 billion, down 0.76% from the year-ago period.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Global Partners LP. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 6.71% downward. Global Partners LP is holding a Zacks Rank of #5 (Strong Sell) right now.
From a valuation perspective, Global Partners LP is currently exchanging hands at a Forward P/E ratio of 11.93. This indicates a discount in contrast to its industry's Forward P/E of 13.39.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 231, positioning it in the bottom 9% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Global Partners LP (GLP) Ascends While Market Falls: Some Facts to Note
The most recent trading session ended with Global Partners LP (GLP - Free Report) standing at $46.99, reflecting a +1.27% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily loss of 0.32%. On the other hand, the Dow registered a loss of 0.71%, and the technology-centric Nasdaq decreased by 0.2%.
Heading into today, shares of the company had gained 8.06% over the past month, outpacing the Oils-Energy sector's loss of 2.12% and the S&P 500's gain of 4.59% in that time.
Investors will be eagerly watching for the performance of Global Partners LP in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.96, indicating a 37.66% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $4.39 billion, down 0.76% from the year-ago period.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Global Partners LP. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 6.71% downward. Global Partners LP is holding a Zacks Rank of #5 (Strong Sell) right now.
From a valuation perspective, Global Partners LP is currently exchanging hands at a Forward P/E ratio of 11.93. This indicates a discount in contrast to its industry's Forward P/E of 13.39.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 231, positioning it in the bottom 9% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.