We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Global Partners LP (GLP) Increases Despite Market Slip: Here's What You Need to Know
Read MoreHide Full Article
The most recent trading session ended with Global Partners LP (GLP - Free Report) standing at $46.64, reflecting a +0.69% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a loss of 0.19% for the day. Elsewhere, the Dow saw an upswing of 0.1%, while the tech-heavy Nasdaq depreciated by 0.54%.
Shares of the company witnessed a loss of 0.64% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 3.8% and the S&P 500's gain of 3.18%.
Investors will be eagerly watching for the performance of Global Partners LP in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.46, marking a 34.29% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $5.5 billion, reflecting a 36.45% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.90 per share and a revenue of $23.3 billion, signifying shifts of +3.72% and +41.31%, respectively, from the last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Global Partners LP. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.26% higher. Currently, Global Partners LP is carrying a Zacks Rank of #3 (Hold).
Investors should also note Global Partners LP's current valuation metrics, including its Forward P/E ratio of 11.88. This signifies a discount in comparison to the average Forward P/E of 15.74 for its industry.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 91, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Global Partners LP (GLP) Increases Despite Market Slip: Here's What You Need to Know
The most recent trading session ended with Global Partners LP (GLP - Free Report) standing at $46.64, reflecting a +0.69% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a loss of 0.19% for the day. Elsewhere, the Dow saw an upswing of 0.1%, while the tech-heavy Nasdaq depreciated by 0.54%.
Shares of the company witnessed a loss of 0.64% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 3.8% and the S&P 500's gain of 3.18%.
Investors will be eagerly watching for the performance of Global Partners LP in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.46, marking a 34.29% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $5.5 billion, reflecting a 36.45% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.90 per share and a revenue of $23.3 billion, signifying shifts of +3.72% and +41.31%, respectively, from the last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Global Partners LP. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.26% higher. Currently, Global Partners LP is carrying a Zacks Rank of #3 (Hold).
Investors should also note Global Partners LP's current valuation metrics, including its Forward P/E ratio of 11.88. This signifies a discount in comparison to the average Forward P/E of 15.74 for its industry.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 91, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.