Sunoco LP (SUN) Rises As Market Takes a Dip: Key Facts

In the latest close session, Sunoco LP (SUN) was up +1.45% at $53.21. The stock outperformed the S&P 500, which registered a daily loss of 0.03%. At the same time, the Dow lost 0.11%, and the tech-heavy Nasdaq gained 0.13%. Shares of the master limited partnership have depreciated by 6.31% over the course of the past month, underperforming the Oils-Energy sector's gain of 5.57%, and the S&P 500's gain of 0.6%.Market participants will be closely following the financial results of Sunoco LP in its upcoming release. The company is expected to report EPS of $1.71, down 55.58% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $5.49 billion, indicating a 11.15% downward movement from the same quarter last year. SUN's full-year Zacks Consensus Estimates are calling for earnings of $6.48 per share and revenue of $21.75 billion. These results would represent year-over-year changes of +8% and -4.16%, respectively. Investors should also take note of any recent adjustments 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 take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 10.81% decrease. Sunoco LP presently features a Zacks Rank of #5 (Strong Sell). Looking at valuation, Sunoco LP is presently trading at a Forward P/E ratio of 8.1. Its industry sports an average Forward P/E of 20.63, so one might conclude that Sunoco LP is trading at a discount comparatively. 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 194, which puts it in the bottom 22% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. 5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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 ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks