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Sunoco LP (SUN) Advances While Market Declines: Some Information for Investors
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In the latest close session, Sunoco LP (SUN - Free Report) was up +2.32% at $64.31. The stock outpaced the S&P 500's daily loss of 0.61%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.93%.
The master limited partnership's stock has climbed by 6.71% in the past month, falling short of the Oils-Energy sector's gain of 7.86% and outpacing the S&P 500's loss of 2.25%.
The upcoming earnings release of Sunoco LP will be of great interest to investors. In that report, analysts expect Sunoco LP to post earnings of $1.29 per share. This would mark year-over-year growth of 6.61%. Alongside, our most recent consensus estimate is anticipating revenue of $9.54 billion, indicating a 84.22% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.11 per share and a revenue of $40.84 billion, signifying shifts of +167.98% and +62.05%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Sunoco LP. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.4% lower within the past month. Currently, Sunoco LP is carrying a Zacks Rank of #4 (Sell).
Investors should also note Sunoco LP's current valuation metrics, including its Forward P/E ratio of 10.29. Its industry sports an average Forward P/E of 14.93, so one might conclude that Sunoco LP is trading at a discount comparatively.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 92, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Sunoco LP (SUN) Advances While Market Declines: Some Information for Investors
In the latest close session, Sunoco LP (SUN - Free Report) was up +2.32% at $64.31. The stock outpaced the S&P 500's daily loss of 0.61%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.93%.
The master limited partnership's stock has climbed by 6.71% in the past month, falling short of the Oils-Energy sector's gain of 7.86% and outpacing the S&P 500's loss of 2.25%.
The upcoming earnings release of Sunoco LP will be of great interest to investors. In that report, analysts expect Sunoco LP to post earnings of $1.29 per share. This would mark year-over-year growth of 6.61%. Alongside, our most recent consensus estimate is anticipating revenue of $9.54 billion, indicating a 84.22% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.11 per share and a revenue of $40.84 billion, signifying shifts of +167.98% and +62.05%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Sunoco LP. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.4% lower within the past month. Currently, Sunoco LP is carrying a Zacks Rank of #4 (Sell).
Investors should also note Sunoco LP's current valuation metrics, including its Forward P/E ratio of 10.29. Its industry sports an average Forward P/E of 14.93, so one might conclude that Sunoco LP is trading at a discount comparatively.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 92, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.