Preview: Global Partners's Earnings

Global Partners (NYSE:GLP) will release its quarterly earnings report on Friday, 2024-11-08. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Global Partners to report an earnings per share (EPS) of $1.57.

Anticipation surrounds Global Partners's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Historical Earnings Performance

Last quarter the company missed EPS by $0.28, which was followed by a 3.85% increase in the share price the next day.

Here's a look at Global Partners's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.38

0.10

0.96

0.81

EPS Actual

1.10

-0.37

1.41

0.60

Price Change %

4.0%

2.0%

2.0%

2.0%

Tracking Global Partners's Stock Performance

Shares of Global Partners were trading at $48.5 as of November 06. Over the last 52-week period, shares are up 48.58%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analysts' Take on Global Partners

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Global Partners.

Analysts have given Global Partners a total of 1 ratings, with the consensus rating being Buy. The average one-year price target is $51.0, indicating a potential 5.15% upside.

Comparing Ratings Among Industry Peers

The below comparison of the analyst ratings and average 1-year price targets of ...