Should investors worry about GLP's earnings?

**Global Partners' (GLP) recent earnings performance and outlook suggest caution for investors.** Here's why:

1. **Q1 2024 Earnings Miss**: Global Partners reported an EPS of -37 cents for Q1 2024, which significantly missed the analyst estimate of 10 cents. This indicates a substantial shortfall in earnings, raising concerns about the company's profitability in the period.
2. **Revenue Miss**: The company's revenue for the quarter was $4.15 billion, which is a 20.61% decrease from the estimated revenue of $5.2 billion. This revenue miss further underscores the company's financial challenges.

3. **Analyst Expectations**: Analysts had anticipated an EPS of $1.57 for the upcoming earnings release. Given the historical context and the recent performance, it seems unlikely that GLP will meet this expectation, potentially leading to further declines in investor confidence.
4. **EBITDA and Distributable Cash Flow Decline**: Global Partners reported a decline in Q4 2024 adjusted EBITDA to $97.8 million, down from $112.1 million in the same quarter of the previous year. The adjusted distributable cash flow also decreased to $46.1 million from $58.8 million in 2023. These declines suggest underlying financial challenges that could persist.
5. **Market Reaction**: The market has responded negatively to the earnings news, with the stock price likely to reflect this sentiment. Investors should be prepared for potential volatility in the stock following the earnings release.
6. **Investor Sentiment**: The anticipation of earnings release has influenced investor sentiment, with a focus on the potential outcomes and how they might impact the stock price. Given the recent performance, investor sentiment is likely to be cautious, potentially leading to a negative reaction to the earnings report.

In conclusion, based on the earnings miss, revenue decline, and analyst expectations, investors should exercise caution regarding Global Partners' earnings. The decline in EBITDA and distributable cash flow, along with the negative market reaction to previous earnings reports, suggests that GLP's financial performance is a cause for concern. Investors should closely monitor the company's future earnings reports and consider the broader market conditions before making investment decisions.