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Sunoco LP (SUN) Outperforms Broader Market: What You Need to Know
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Sunoco LP (SUN - Free Report) closed the most recent trading day at $50.52, moving +1.55% from the previous trading session. This change outpaced the S&P 500's 0.59% gain on the day. At the same time, the Dow added 0.65%, and the tech-heavy Nasdaq gained 0.44%.
The master limited partnership's shares have seen a decrease of 4.44% over the last month, not keeping up with the Oils-Energy sector's gain of 3.38% and the S&P 500's gain of 2.72%.
Analysts and investors alike will be keeping a close eye on the performance of Sunoco LP in its upcoming earnings disclosure. In that report, analysts expect Sunoco LP to post earnings of $1.66 per share. This would mark year-over-year growth of 738.46%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.58 billion, down 2.94% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $5.54 per share and a revenue of $21.95 billion, demonstrating changes of -7.67% and -3.27%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Sunoco LP. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Sunoco LP presently features a Zacks Rank of #5 (Strong Sell).
From a valuation perspective, Sunoco LP is currently exchanging hands at a Forward P/E ratio of 8.98. This indicates a discount in contrast to its industry's Forward P/E of 19.04.
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 169, which puts it in the bottom 32% 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.
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) Outperforms Broader Market: What You Need to Know
Sunoco LP (SUN - Free Report) closed the most recent trading day at $50.52, moving +1.55% from the previous trading session. This change outpaced the S&P 500's 0.59% gain on the day. At the same time, the Dow added 0.65%, and the tech-heavy Nasdaq gained 0.44%.
The master limited partnership's shares have seen a decrease of 4.44% over the last month, not keeping up with the Oils-Energy sector's gain of 3.38% and the S&P 500's gain of 2.72%.
Analysts and investors alike will be keeping a close eye on the performance of Sunoco LP in its upcoming earnings disclosure. In that report, analysts expect Sunoco LP to post earnings of $1.66 per share. This would mark year-over-year growth of 738.46%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.58 billion, down 2.94% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $5.54 per share and a revenue of $21.95 billion, demonstrating changes of -7.67% and -3.27%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Sunoco LP. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Sunoco LP presently features a Zacks Rank of #5 (Strong Sell).
From a valuation perspective, Sunoco LP is currently exchanging hands at a Forward P/E ratio of 8.98. This indicates a discount in contrast to its industry's Forward P/E of 19.04.
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 169, which puts it in the bottom 32% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.