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Sunoco LP (SUN) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Sunoco LP (SUN - Free Report) closed at $40.87, marking a -1.4% move from the previous day. This change lagged the S&P 500's daily loss of 1.26%. Meanwhile, the Dow lost 0.8%, and the Nasdaq, a tech-heavy index, lost 0.44%.
Coming into today, shares of the master limited partnership had lost 1.54% in the past month. In that same time, the Oils-Energy sector gained 5.66%, while the S&P 500 gained 6.07%.
Investors will be hoping for strength from Sunoco LP as it approaches its next earnings release. On that day, Sunoco LP is projected to report earnings of $0.92 per share, which would represent a year-over-year decline of 42.5%. Our most recent consensus estimate is calling for quarterly revenue of $4.85 billion, up 39.69% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.24 per share and revenue of $21.35 billion, which would represent changes of -19.7% and +21.35%, respectively, from the prior year.
Any recent changes to analyst estimates for Sunoco LP should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Sunoco LP currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Sunoco LP has a Forward P/E ratio of 9.79 right now. This represents a discount compared to its industry's average Forward P/E of 13.51.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 242, which puts it in the bottom 5% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SUN in the coming trading sessions, be sure to utilize Zacks.com.
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Sunoco LP (SUN) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Sunoco LP (SUN - Free Report) closed at $40.87, marking a -1.4% move from the previous day. This change lagged the S&P 500's daily loss of 1.26%. Meanwhile, the Dow lost 0.8%, and the Nasdaq, a tech-heavy index, lost 0.44%.
Coming into today, shares of the master limited partnership had lost 1.54% in the past month. In that same time, the Oils-Energy sector gained 5.66%, while the S&P 500 gained 6.07%.
Investors will be hoping for strength from Sunoco LP as it approaches its next earnings release. On that day, Sunoco LP is projected to report earnings of $0.92 per share, which would represent a year-over-year decline of 42.5%. Our most recent consensus estimate is calling for quarterly revenue of $4.85 billion, up 39.69% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.24 per share and revenue of $21.35 billion, which would represent changes of -19.7% and +21.35%, respectively, from the prior year.
Any recent changes to analyst estimates for Sunoco LP should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Sunoco LP currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Sunoco LP has a Forward P/E ratio of 9.79 right now. This represents a discount compared to its industry's average Forward P/E of 13.51.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 242, which puts it in the bottom 5% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SUN in the coming trading sessions, be sure to utilize Zacks.com.