Global Partners's Return On Capital Employed Insights
Portfolio Pulse from Benzinga Insights
Global Partners (NYSE:GLP) reported Q1 earnings of $29.03 million, up 49.49% from Q4, while sales decreased 8.97% to $4.03 billion. The company posted a return on capital employed (ROCE) of 0.04%, indicating effective capital allocation. Q1 earnings per share were $0.7, beating analyst predictions of $0.65.
May 19, 2023 | 2:52 pm
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Global Partners reported a 49.49% increase in Q1 earnings and a positive ROCE of 0.04%, indicating effective capital allocation. The company's EPS of $0.7 beat analyst predictions.
Global Partners' Q1 earnings increased by 49.49% and the company posted a positive ROCE of 0.04%, which indicates effective capital allocation. This is a sign of higher earnings per share in the future, which is likely to have a positive impact on the stock price in the short term. Additionally, the company's EPS of $0.7 beat analyst predictions, which could further boost investor confidence and drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100