In the latest trading session, Sunoco LP (SUN)
closed at $30.11, marking a +0.33% move from the previous day. This
move lagged the S&P 500's daily gain of 0.5%. Meanwhile, the
Dow gained 0.54%, and the Nasdaq, a tech-heavy index, added
Coming into today, shares of the master limited
partnership had lost 0.46% in the past month. In that same time,
the Oils-Energy sector gained 2.26%, while the S&P 500 gained
Wall Street will be looking for positivity from
SUN as it approaches its next earnings report date. The company is
expected to report EPS of $0.52, up 420% from the prior-year
quarter. Our most recent consensus estimate is calling for
quarterly revenue of $3.86 billion, up 3.02% from the year-ago
For the full year, our Zacks Consensus Estimates
are projecting earnings of $2.48 per share and revenue of $16.43
billion, which would represent changes of +81.02% and -3.3%,
respectively, from the prior year.
Investors should also note any recent changes to
analyst estimates for SUN. Recent revisions tend to reflect the
latest near-term business trends. As a result, we can interpret
positive estimate revisions as a good sign for the company's
Our research shows that these estimate changes
are directly correlated with near-term stock prices. We developed
the Zacks Rank to capitalize on this phenomenon. Our system takes
these estimate changes into account and delivers a clear,
actionable rating model.
The Zacks Rank system, which ranges from #1
(Strong Buy) to #5 (Strong Sell), has an impressive outside-audited
track record of outperformance, with #1 stocks generating an
average annual return of +25% since 1988. Within the past 30 days,
our consensus EPS projection has moved 2.97% higher. SUN currently
has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should
note that SUN has a Forward P/E ratio of 12.11 right now. This
valuation marks a no noticeable deviation compared to its
industry's average Forward P/E of 12.11.
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 45, which puts
it in the top 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of
our individual 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.
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free
Sunoco LP (SUN) : Free
Stock Analysis Report
To read this article on
Zacks.com click here.