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Sunoco LP (SUN) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest trading session, Sunoco LP (SUN - Free Report) closed at $62.12, marking a -4.8% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.1%. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.43%.
Prior to today's trading, shares of the master limited partnership had lost 3.95% was narrower than the Oils-Energy sector's loss of 7.58% and lagged the S&P 500's loss of 1.34%.
Investors will be eagerly watching for the performance of Sunoco LP in its upcoming earnings disclosure. The company is predicted to post an EPS of $2.19, indicating a 563.64% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $10.13 billion, showing a 87.85% escalation compared to the year-ago quarter.
SUN's full-year Zacks Consensus Estimates are calling for earnings of $7.92 per share and revenue of $41.41 billion. These results would represent year-over-year changes of +247.37% and +64.31%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Sunoco LP. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Sunoco LP boasts a Zacks Rank of #3 (Hold).
Investors should also note Sunoco LP's current valuation metrics, including its Forward P/E ratio of 8.24. This represents a discount compared to its industry average Forward P/E of 12.64.
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 29, placing it within the top 12% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Sunoco LP (SUN) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest trading session, Sunoco LP (SUN - Free Report) closed at $62.12, marking a -4.8% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.1%. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.43%.
Prior to today's trading, shares of the master limited partnership had lost 3.95% was narrower than the Oils-Energy sector's loss of 7.58% and lagged the S&P 500's loss of 1.34%.
Investors will be eagerly watching for the performance of Sunoco LP in its upcoming earnings disclosure. The company is predicted to post an EPS of $2.19, indicating a 563.64% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $10.13 billion, showing a 87.85% escalation compared to the year-ago quarter.
SUN's full-year Zacks Consensus Estimates are calling for earnings of $7.92 per share and revenue of $41.41 billion. These results would represent year-over-year changes of +247.37% and +64.31%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Sunoco LP. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Sunoco LP boasts a Zacks Rank of #3 (Hold).
Investors should also note Sunoco LP's current valuation metrics, including its Forward P/E ratio of 8.24. This represents a discount compared to its industry average Forward P/E of 12.64.
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 29, placing it within the top 12% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.