Sunoco LP (SUN) Gains But Lags Market: What You Should Know

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 0.76%.

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 2.53%.

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 period.

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 business outlook.

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.

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