In the latest trading session, CrossAmerica Partners (CAPL) closed at $17.91, marking a -1.1% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.9%. Meanwhile, the Dow lost 1.77%, and the Nasdaq, a tech-heavy index, lost 2.5%.
Coming into today, shares of the wholesale fuels distributor had gained 5.41% in the past month. In that same time, the Oils-Energy sector gained 3.04%, while the S&P 500 gained 3.04%.
Wall Street will be looking for positivity from CAPL as it approaches its next earnings report date. On that day, CAPL is projected to report earnings of $0.13 per share, which would represent year-over-year growth of 316.67%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $636.10 million, up 14.7% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.72 per share and revenue of $2.53 billion. These totals would mark changes of +554.55% and +3.46%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for CAPL. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 10.26% higher within the past month. CAPL is currently a Zacks Rank #1 (Strong Buy).
Investors should also note CAPL's current valuation metrics, including its Forward P/E ratio of 25.27. Its industry sports an average Forward P/E of 13.34, so we one might conclude that CAPL is trading at a premium comparatively.
Also, we should mention that CAPL has a PEG ratio of 6.16. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Oil and Gas - Refining and Marketing - Master Limited Partnerships stocks are, on average, holding a PEG ratio of 3.76 based on yesterday's closing prices.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 48, putting it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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CrossAmerica Partners LP (CAPL) : Free Stock Analysis Report
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