- Parkland forecasts its full-year adjusted EBITDA to be between C$1.8 billion and C$2.1 billion, with expectations around C$1.9 billion.
- Bob Espey will step down from his roles as President and CEO of Parkland.
- The Board of Parkland has established a search committee to find a new CEO.
- Michael Jennings has been appointed as the Executive Chair of Parkland, effective immediately.
- Parkland anticipates its first-quarter adjusted EBITDA to be approximately C$375 million.
- Currently, Parkland has 11 buy ratings, 1 hold rating, and no sell ratings among analysts.
A look at Parkland Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Parkland Corporation shows a positive long-term outlook. With strong scores in Dividend and Momentum, the company is positioned well to offer consistent returns to investors while also displaying a good level of market interest and stock price performance. Additionally, Parkland scored moderately in Value, Growth, and Resilience, indicating a balanced approach to financial performance, potential for expansion, and ability to withstand market uncertainties. Overall, these scores suggest that Parkland Corporation is a stable investment with promising prospects for growth.
Parkland Corporation, a global fuel and petroleum products supplier, and convenience store operator, is strategically positioned in the market. With a focus on retail, convenience, supply, commercial, and wholesale businesses worldwide, the company has established itself as a key player in the industry. Combining its offerings of fuel, propane, lubricants, and gas station management, Parkland Corporation caters to diverse customer needs. With its emphasis on growth, resilience, and attractive dividends, Parkland presents a compelling investment opportunity for those seeking stability and potential returns in the energy and retail sectors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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