Galp Energia SGPS (GLPEY) Expected to Release Quarterly Earnings on Monday

Key Points

• Galp Energia is expected to report quarterly earnings before the market opens Monday, October 26. Analysts project earnings of $0.51 per share on revenue of $9.38 billion.
• In its prior quarter, Galp reported $0.60 EPS and $8.02 billion in revenue, exceeding analyst estimates of $0.34 EPS and $6.79 billion in revenue.
• The stock was trading at $12.78, down 0.5%, with a market capitalization of $17.36 billion. Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy.”

Galp Energia SGPS (OTCMKTS:GLPEY - Get Free Report) is projected to announce its results before the market opens on Monday, October 26th. Analysts expect the company to announce earnings of $0.51 per share and revenue of $9.38 billion for the quarter.

Galp Energia SGPS (OTCMKTS:GLPEY - Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The energy company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.34 by $0.26. Galp Energia SGPS had a return on equity of 30.13% and a net margin of 5.43%. The business had revenue of $8.02 billion during the quarter, compared to analysts' expectations of $6.79 billion. On average, analysts expect Galp Energia SGPS to post $1.44 EPS for the current fiscal year and $1.26 EPS for the next fiscal year.

Galp Energia SGPS Trading Down 0.5%

OTCMKTS:GLPEY opened at $12.78 on Monday. The stock's 50 day moving average price is $12.36 and its 200 day moving average price is $11.61. Galp Energia SGPS has a 52 week low of $8.10 and a 52 week high of $13.09. The company has a market capitalization of $17.36 billion and a P/E ratio of 14.86. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.20 and a current ratio of 1.53.

Analyst Ratings Changes

Several analysts have commented on GLPEY shares. HSBC reissued a "hold" rating on shares of Galp Energia SGPS in a research report on Friday, September 25th. Barclays restated an "overweight" rating on shares of Galp Energia SGPS in a report on Monday, October 5th. Zacks Research raised shares of Galp Energia SGPS from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 12th. Citigroup reaffirmed a "neutral" rating on shares of Galp Energia SGPS in a research note on Tuesday, October 13th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Galp Energia SGPS in a report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Galp Energia SGPS Company Profile

Galp Energia SGPS, SA is a Portuguese integrated energy company with activities spanning exploration and production, refining, trading, and the distribution and sale of energy products. The company supplies fuels, natural gas, electricity, lubricants, and other energy-related products to retail, commercial, and industrial customers.

Galp's upstream business focuses on the exploration, development, and production of crude oil and natural gas, with a significant presence in Brazil and interests in other international projects.

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