Sunoco LP (SUN) recently experienced a 1.48% stock decline, underperforming the S&P 500 and its sector, with a 0.74% drop over the past month. While the company projects a substantial 738.46% year-over-year increase in upcoming quarterly EPS to $1.66, revenue is expected to fall by 2.94% to $5.58 billion, and full-year estimates indicate declines in both EPS and revenue. Currently holding a Zacks Rank #3 (Hold), SUN trades at a Forward P/E of 9.16, a notable discount to its industry average of 18.05, despite its industry being ranked in the top 39%.
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ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. If you wish to go to ZacksTrade, click OK. If you do not, click Cancel. Sunoco LP (SUN) Stock Declines While Market Improves: Some Information for Investors Read MoreHide Full Article Sunoco LP (SUN - Free Report) closed at $49.97 in the latest trading session, marking a -1.48% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.58% for the day. The master limited partnership's stock has dropped by 0.74% in the past month, falling short of the Oils-Energy sector's gain of 3.53% and the S&P 500's gain of 3.68%. The upcoming earnings release of Sunoco LP will be of great interest to investors. The company's upcoming EPS is projected at $1.66, signifying a 738.46% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $5.58 billion, down 2.94% from the year-ago period. SUN's full-year Zacks Consensus Estimates are calling for earnings of $5.54 per share and revenue of $21.95 billion. These results would represent year-over-year changes of -7.67% and -3.27%, respectively. It is also important to note the recent changes to analyst estimates for Sunoco LP. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, 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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Sunoco LP is currently a Zacks Rank 3 (Hold). In the context of valuation, Sunoco LP is at present trading with a Forward P/E ratio of 9.16. This valuation marks a discount compared to its industry average Forward P/E of 18.05. The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 94, finds itself in the top 39% echelons 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. Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions. See More Zacks Research for These Tickers Normally $25 each - click below to receive one report FREE: Image: Bigstock Sunoco LP (SUN) Stock Declines While Market Improves: Some Information for Investors Sunoco LP (SUN - Free Report) closed at $49.97 in the latest trading session, marking a -1.48% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.58% for the day. The master limited partnership's stock has dropped by 0.74% in the past month, falling short of the Oils-Energy sector's gain of 3.53% and the S&P 500's gain of 3.68%. The upcoming earnings release of Sunoco LP will be of great interest to investors. The company's upcoming EPS is projected at $1.66, signifying a 738.46% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $5.58 billion, down 2.94% from the year-ago period. SUN's full-year Zacks Consensus Estimates are calling for earnings of $5.54 per share and revenue of $21.95 billion. These results would represent year-over-year changes of -7.67% and -3.27%, respectively. It is also important to note the recent changes to analyst estimates for Sunoco LP. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, 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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Sunoco LP is currently a Zacks Rank 3 (Hold). In the context of valuation, Sunoco LP is at present trading with a Forward P/E ratio of 9.16. This valuation marks a discount compared to its industry average Forward P/E of 18.05. The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 94, finds itself in the top 39% echelons 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. Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions. Sunoco LP (SUN) recently closed at $49.97, marking a 1.48% daily decline and a 0.74% drop over the past month, significantly underperforming the S&P 500 and the Oils-Energy sector, which saw gains of 0.58% and 3.53% respectively. This consistent underperformance suggests company-specific pressures despite a generally positive market and sector trend. The upcoming quarterly earnings projection is mixed, with EPS expected to surge 738.46% year-over-year to $1.66, contrasting with a forecasted 2.94% decline in quarterly revenue to $5.58 billion. Furthermore, full-year Zacks Consensus Estimates project year-over-year declines of 7.67% for EPS and 3.27% for revenue, indicating a more challenging long-term outlook. Despite a neutral Zacks Rank 3 (Hold) and no recent positive analyst estimate revisions, SUN trades at a substantial valuation discount, with a Forward P/E of 9.16 compared to its industry average of 18.05. The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry holds a strong Zacks Industry Rank of 94, placing it in the top 39% of all industries, which historically outperforms lower-ranked segments.
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