Sunoco LP (SUN) Ascends While Market Falls: Some Facts to Note

The latest trading session saw Sunoco LP (SUN) ending at $51.71, denoting a +1.11% adjustment from its last day's close. This move outpaced the S&P 500's daily loss of 0.05%. Meanwhile, the Dow experienced a drop of 0.02%, and the technology-dominated Nasdaq saw an increase of 0.18%.The master limited partnership's stock has dropped by 5.49% in the past month, exceeding the Oils-Energy sector's loss of 9.67% and lagging the S&P 500's gain of 2.76%.The upcoming earnings release of Sunoco LP will be of great interest to investors. The company's earnings report is expected on November 6, 2024. It is anticipated that the company will report an EPS of $1.56, marking a 47.12% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $5.97 billion, indicating a 5.58% downward movement from the same quarter last year.SUN's full-year Zacks Consensus Estimates are calling for earnings of $9.29 per share and revenue of $23.72 billion. These results would represent year-over-year changes of +154.52% and +2.82%, respectively.Investors should also pay attention to any latest changes in analyst estimates for Sunoco LP. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.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. The Zacks Consensus EPS estimate remained stagnant within the past month. Sunoco LP is currently sporting a Zacks Rank of #3 (Hold).Looking at valuation, Sunoco LP is presently trading at a Forward P/E ratio of 5.5. For comparison, its industry has an average Forward P/E of 18, which means Sunoco LP is trading at a discount to the group.The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 100, positioning it in the top 40% of all 250+ industries.The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow SUN in the coming trading sessions, be sure to utilize Zacks.com.Infrastructure Stock Boom to Sweep AmericaA massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.The only question is “Will you get into the right stocks early when their growth potential is greatest?”Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How To Profit From Trillions On Spending For Infrastructure >>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 report Sunoco LP (SUN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks