Global Partners Q2 2024 GAAP EPS $1.10 Misses $1.50 Estimate, Sales $4.409B Miss $5.512B Estimate
Portfolio Pulse from Benzinga Newsdesk
Global Partners (NYSE:GLP) reported Q2 2024 earnings per share (EPS) of $1.10, missing the analyst consensus estimate of $1.50 by 26.67%. The company also reported quarterly sales of $4.409 billion, which missed the analyst consensus estimate of $5.512 billion by 20.01%. Despite the misses, sales increased by 15.06% compared to the same period last year.
August 07, 2024 | 12:02 pm
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Global Partners reported Q2 2024 EPS of $1.10, missing the $1.50 estimate by 26.67%. Sales of $4.409 billion also missed the $5.512 billion estimate by 20.01%. Despite the misses, sales increased by 15.06% YoY.
The significant misses on both EPS and sales estimates are likely to negatively impact the stock price in the short term. However, the year-over-year sales increase may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100