Sunoco LP (SUN) ended the recent trading session at $67.56, demonstrating a -1.05% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.72% for the day. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 1.12%.
The master limited partnership's shares have seen an increase of 3.06% over the last month, surpassing the Oils-Energy sector's loss of 7.89% and the S&P 500's loss of 0.9%.
Market participants will be closely following the financial results of Sunoco LP in its upcoming release. The company plans to announce its earnings on August 4, 2026. The company is expected to report EPS of $2.19, up 563.64% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $10.13 billion, showing a 87.85% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.92 per share and a revenue of $41.41 billion, signifying shifts of +247.37% and +64.31%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Sunoco LP. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, Sunoco LP possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Sunoco LP is presently trading at a Forward P/E ratio of 8.62. This denotes a discount relative to the industry average Forward P/E of 12.69.
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 19, finds itself in the top 8% echelons 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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Sunoco LP (SUN): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).