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Sunoco LP (SUN) Gains As Market Dips: What You Should Know
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Sunoco LP (SUN - Free Report) closed the most recent trading day at $36.54, moving +0.77% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.92%. Meanwhile, the Dow lost 0.62%, and the Nasdaq, a tech-heavy index, added 0.05%.
Heading into today, shares of the master limited partnership had lost 7.76% over the past month, outpacing the Oils-Energy sector's loss of 16.76% and lagging the S&P 500's loss of 1% in that time.
Wall Street will be looking for positivity from Sunoco LP as it approaches its next earnings report date. The company is expected to report EPS of $1.16, down 32.95% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.51 billion, up 48.11% from the year-ago period.
SUN's full-year Zacks Consensus Estimates are calling for earnings of $6.66 per share and revenue of $27.09 billion. These results would represent year-over-year changes of +26.14% and +53.93%, respectively.
Any recent changes to analyst estimates for Sunoco LP should also be noted by investors. 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 company's business outlook.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Sunoco LP is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Sunoco LP is holding a Forward P/E ratio of 5.44. This represents a discount compared to its industry's average Forward P/E of 7.72.
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 45, putting it in the top 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Sunoco LP (SUN) Gains As Market Dips: What You Should Know
Sunoco LP (SUN - Free Report) closed the most recent trading day at $36.54, moving +0.77% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.92%. Meanwhile, the Dow lost 0.62%, and the Nasdaq, a tech-heavy index, added 0.05%.
Heading into today, shares of the master limited partnership had lost 7.76% over the past month, outpacing the Oils-Energy sector's loss of 16.76% and lagging the S&P 500's loss of 1% in that time.
Wall Street will be looking for positivity from Sunoco LP as it approaches its next earnings report date. The company is expected to report EPS of $1.16, down 32.95% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.51 billion, up 48.11% from the year-ago period.
SUN's full-year Zacks Consensus Estimates are calling for earnings of $6.66 per share and revenue of $27.09 billion. These results would represent year-over-year changes of +26.14% and +53.93%, respectively.
Any recent changes to analyst estimates for Sunoco LP should also be noted by investors. 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 company's business outlook.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Sunoco LP is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Sunoco LP is holding a Forward P/E ratio of 5.44. This represents a discount compared to its industry's average Forward P/E of 7.72.
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 45, putting it in the top 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.