GasLog Partners LP (GLOP – Free report) is expected to release its third quarter 2022 results on October 27, before the market opens.
The Zacks consensus estimate for GLOP earnings in the third quarter of 2022 has been revised up 12.5% over the past 90 days to 27 cents per share. The company also has an impressive track record of earnings surprises, beating the Zacks consensus estimate in three of the previous four quarters, averaging 7.89%.
Let’s see how things have gone for GasLog this earnings season.
Third trimester expectations
Zacks’ consensus estimate for GasLog’s Q3 2022 revenue is pegged at $75.19 million, indicating a 6.6% year-over-year decline. The expected decline was probably partially offset by growth in revenues from GLOP vessels operating in the spot market and an improvement in the spot and forward LNG transport market.
On the other hand, an increase in travel and commission expenses and an increase in general and administrative expenses could have been overhangs on GasLog’s bottom line. However, lower vessel operating costs supported by lower technical maintenance expenses and lower vessel management costs could have helped the business.
What our model says
Our proven model does not conclusively predict an earnings beat for GasLog this time around. The combination of a positive Earnings ESP and a Zacks rank of #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of beating Earnings. But it is not the case here. You can discover the best stocks to buy or sell before they’re flagged with our earnings ESP filter.
GasLog has an ESP on earnings of 0.00% and a Zacks rank of #3.
Actions to consider
Here are some stocks from the broader Zacks Transportation sector for investors to consider as our model shows they have the right combination of elements to beat on Q3 2022 results:
Copa Holdings (PCA – Free report) has a +0.26% win ESP and a #2 Zacks rank. CPA will publish the results on November 16. You can see the full list of today’s Zacks #1 Rank stocks here.
CPA has an expected earnings growth rate of over 100% for the current year. CPA delivered a four-quarter earnings surprise of 174.22%, on average.
ArcBest Corporation (ARCB – Free report) has a +3.12% win ESP and a #3 Zacks rank. The ARCB will publish the results on November 1.
ArcBest has an expected profit growth rate of 66.43% for the current year. ARCB delivered a last four quarter earnings surprise of 22.29% on average.
ARCB has a long-term earnings growth rate of 17.63%.
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