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) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
Global Partners LP (GLP - Free Report) closed at $30.91 in the latest trading session, marking a -0.26% move from the prior day. This change lagged the S&P 500's daily gain of 0.67%. At the same time, the Dow added 0.25%, and the tech-heavy Nasdaq gained 1.14%.
Coming into today, shares of the company had lost 3.49% in the past month. In that same time, the Oils-Energy sector gained 4.25%, while the S&P 500 lost 0.73%.
Wall Street will be looking for positivity from Global Partners LP as it approaches its next earnings report date. In that report, analysts expect Global Partners LP to post earnings of $0.81 per share. This would mark a year-over-year decline of 74.04%. Meanwhile, our latest consensus estimate is calling for revenue of $4.26 billion, down 7.82% from the prior-year quarter.
GLP's full-year Zacks Consensus Estimates are calling for earnings of $3.46 per share and revenue of $17.17 billion. These results would represent year-over-year changes of -65.47% and -9.05%, respectively.
It is also important to note the recent changes to analyst estimates for Global Partners LP. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Within the past 30 days, our consensus EPS projection remained stagnant. Global Partners LP currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, Global Partners LP is holding a Forward P/E ratio of 8.96. Its industry sports an average Forward P/E of 14.03, so we one might conclude that Global Partners LP is trading at a discount comparatively.
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 106, which puts it in the top 43% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Global Partners LP (GLP) Stock Sinks As Market Gains: What You Should Know
Global Partners LP (GLP - Free Report) closed at $30.91 in the latest trading session, marking a -0.26% move from the prior day. This change lagged the S&P 500's daily gain of 0.67%. At the same time, the Dow added 0.25%, and the tech-heavy Nasdaq gained 1.14%.
Coming into today, shares of the company had lost 3.49% in the past month. In that same time, the Oils-Energy sector gained 4.25%, while the S&P 500 lost 0.73%.
Wall Street will be looking for positivity from Global Partners LP as it approaches its next earnings report date. In that report, analysts expect Global Partners LP to post earnings of $0.81 per share. This would mark a year-over-year decline of 74.04%. Meanwhile, our latest consensus estimate is calling for revenue of $4.26 billion, down 7.82% from the prior-year quarter.
GLP's full-year Zacks Consensus Estimates are calling for earnings of $3.46 per share and revenue of $17.17 billion. These results would represent year-over-year changes of -65.47% and -9.05%, respectively.
It is also important to note the recent changes to analyst estimates for Global Partners LP. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Within the past 30 days, our consensus EPS projection remained stagnant. Global Partners LP currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, Global Partners LP is holding a Forward P/E ratio of 8.96. Its industry sports an average Forward P/E of 14.03, so we one might conclude that Global Partners LP is trading at a discount comparatively.
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 106, which puts it in the top 43% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.