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Sunoco LP (SUN) Stock Sinks As Market Gains: Here's Why
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Sunoco LP (SUN - Free Report) closed the most recent trading day at $72.94, moving -1.79% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.6% for the day. On the other hand, the Dow registered a gain of 0.03%, and the technology-centric Nasdaq increased by 1.18%.
The master limited partnership's shares have seen a decrease of 1.54% over the last month, not keeping up with the Oils-Energy sector's gain of 7.33% and the S&P 500's loss of 0.79%.
The investment community will be closely monitoring the performance of Sunoco LP in its forthcoming earnings report. The company is scheduled to release its earnings on November 3, 2026. It is anticipated that the company will report an EPS of $2.94, marking a 359.38% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $16.45 billion, indicating a 172.78% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.6 per share and revenue of $57.42 billion, indicating changes of +364.91% and +127.83%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Sunoco LP. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 10.65% increase. Sunoco LP is currently a Zacks Rank #3 (Hold).
Looking at valuation, Sunoco LP is presently trading at a Forward P/E ratio of 6.93. For comparison, its industry has an average Forward P/E of 11.52, which means Sunoco LP is trading at a discount to the group.
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 22, putting it in the top 9% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Sunoco LP (SUN) Stock Sinks As Market Gains: Here's Why
Sunoco LP (SUN - Free Report) closed the most recent trading day at $72.94, moving -1.79% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.6% for the day. On the other hand, the Dow registered a gain of 0.03%, and the technology-centric Nasdaq increased by 1.18%.
The master limited partnership's shares have seen a decrease of 1.54% over the last month, not keeping up with the Oils-Energy sector's gain of 7.33% and the S&P 500's loss of 0.79%.
The investment community will be closely monitoring the performance of Sunoco LP in its forthcoming earnings report. The company is scheduled to release its earnings on November 3, 2026. It is anticipated that the company will report an EPS of $2.94, marking a 359.38% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $16.45 billion, indicating a 172.78% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.6 per share and revenue of $57.42 billion, indicating changes of +364.91% and +127.83%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Sunoco LP. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 10.65% increase. Sunoco LP is currently a Zacks Rank #3 (Hold).
Looking at valuation, Sunoco LP is presently trading at a Forward P/E ratio of 6.93. For comparison, its industry has an average Forward P/E of 11.52, which means Sunoco LP is trading at a discount to the group.
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 22, putting it in the top 9% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.