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Sunoco LP (SUN - Free Report) closed at $54.31 in the latest trading session, marking a +2.05% move from the prior day. This change outpaced the S&P 500's 0.52% gain on the day. On the other hand, the Dow registered a gain of 1%, and the technology-centric Nasdaq increased by 0.52%.
Coming into today, shares of the master limited partnership had lost 3.46% in the past month. In that same time, the Oils-Energy sector gained 5.34%, while the S&P 500 gained 5.95%.
Analysts and investors alike will be keeping a close eye on the performance of Sunoco LP in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.7, reflecting a 55.84% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $5.44 billion, indicating a 11.94% decrease compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.45 per share and revenue of $21.69 billion, indicating changes of +7.5% and -4.44%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Sunoco LP. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.39% lower. Sunoco LP is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Sunoco LP is presently being traded at a Forward P/E ratio of 8.25. This indicates a discount in contrast to its industry's Forward P/E of 20.63.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 62, placing it within the top 26% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Sunoco LP (SUN) Laps the Stock Market: Here's Why
Sunoco LP (SUN - Free Report) closed at $54.31 in the latest trading session, marking a +2.05% move from the prior day. This change outpaced the S&P 500's 0.52% gain on the day. On the other hand, the Dow registered a gain of 1%, and the technology-centric Nasdaq increased by 0.52%.
Coming into today, shares of the master limited partnership had lost 3.46% in the past month. In that same time, the Oils-Energy sector gained 5.34%, while the S&P 500 gained 5.95%.
Analysts and investors alike will be keeping a close eye on the performance of Sunoco LP in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.7, reflecting a 55.84% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $5.44 billion, indicating a 11.94% decrease compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.45 per share and revenue of $21.69 billion, indicating changes of +7.5% and -4.44%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Sunoco LP. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.39% lower. Sunoco LP is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Sunoco LP is presently being traded at a Forward P/E ratio of 8.25. This indicates a discount in contrast to its industry's Forward P/E of 20.63.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 62, placing it within the top 26% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.