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GLPBearishEarningsnews
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What Will Global Partners' (GLP) Q1 Earnings Unveil?

May 6, 2024, 9:37 AM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- GLP is set to release Q1 results on May 8 with an estimated profit of 10 cents per unit and $5.2 billion in revenues. - In Q4, GLP outperformed the consensus with a net income per unit of $1.41 and revenues of $4.4 billion. - Estimates suggest an 85.7% decline in earnings and a 29.5% decrease in revenues year over year. - GLP's positive factors include a robust margin in GDSO business, lower expense structure, but a decline in Wholesale unit profit. - Our model does not predict GLP to beat estimates in Q1 due to an Earnings ESP of 0.00%. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • GLP is set to release Q1 results on May 8 with an estimated profit of 10 cents per unit and $5.2 billion in revenues.
  • In Q4, GLP outperformed the consensus with a net income per unit of $1.41 and revenues of $4.4 billion.
  • Estimates suggest an 85.7% decline in earnings and a 29.5% decrease in revenues year over year.
  • GLP's positive factors include a robust margin in GDSO business, lower expense structure, but a decline in Wholesale unit profit.
  • Our model does not predict GLP to beat estimates in Q1 due to an Earnings ESP of 0.00%.

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