• Mon. Aug 15th, 2022

Earnings Preview: Global Partners – Benzinga

ByBenzinga Insights

Aug 4, 2022
Earnings Preview: Global Partners - Benzinga

Global Partners GLP is set to give its latest quarterly earnings report on Friday, 2022-08-05. Here’s what investors need to know before the announcement.

Analysts estimate that Global Partners will report an earnings per share (EPS) of $1.21.

Global Partners bulls will hope to hear the company to announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat EPS by $0.87, which was followed by a 0.0% drop in the share price the next day.

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







Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -0.11 0.23 0.61 0.51
EPS Actual 0.76 0.44 0.86 0.23
Price Change % -0.89% -2.37% -1.11% -3.49%







Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -0.11 0.23 0.61 0.51
EPS Actual 0.76 0.44 0.86 0.23
Price Change % -0.89% -2.37% -1.11% -3.49%

Stock Performance

Shares of Global Partners were trading at $28.3 as of August 03. Over the last 52-week period, shares are up 16.36%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Global Partners visit their earnings calendar on our site.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.



Image and article originally from www.benzinga.com. Read the original article here.