CrossAmerica Partners LP (NYSE:CAPL) is expected to report third quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.18 per share.
Looking ahead, the full year income are expected at $ 2.44 per share on the revenues of $ 1993.21 million.
Previous Quarter Performance
CrossAmerica Partners LP posted income for the second quarter of $ 0.14 per share, from the revenue of $ 398.40 million. The quarterly earnings 22.22 percent while revenues dropped 34.21 percent compared with the same quarter last year.
According to street consensus, CAPL was expected to report 2Q20 loss of $ 0.06 per share from revenue of $ 386.09 million. The bottom line results beat street analysts by $ 0.2 or 333.33 percent, at the same time, top line results outshined analysts by $ 12.31 million or 3.19 percent.
Stock Performance
Shares of CrossAmerica Partners LP traded up $ 0.20 or 1.45 percent on Tuesday, reaching $ 14.00 with volume of 75.20 thousand shares. CrossAmerica Partners LP has traded high as $ 14.21 and has cracked $ 13.55 on the downward trend
According to the previous trading day, closing price of $ 14.00, representing a 102.64 % increase from the 52 week low of $ 6.81 and a 30.27 % decrease over the 52 week high of $ 19.79.
The company has a market capital of $ 530.15 million and is part of the Energy sector and Oil & Gas Refining & Marketing industry.
CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. The company operates in two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of motor fuels to lessee dealers, independent dealers, commission agents, and company operated retail sites.
