Sunoco LP (SUN) closed at $70.98 in the latest trading session, marking a -1.87% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.38% for the day. On the other hand, the Dow registered a gain of 0.29%, and the technology-centric Nasdaq increased by 0.62%.
The stock of master limited partnership has risen by 13.83% in the past month, leading the Oils-Energy sector's loss of 1.03% and the S&P 500's gain of 1.61%.
Analysts and investors alike will be keeping a close eye on the performance of Sunoco LP in its upcoming earnings disclosure. The company's earnings report is set to go public on August 4, 2026. It is anticipated that the company will report an EPS of $2.19, marking a 563.64% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $10.13 billion, up 87.85% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $7.92 per share and a revenue of $41.41 billion, indicating changes of +247.37% and +64.31%, respectively, from the former year.
Any recent changes to analyst estimates for Sunoco LP should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Sunoco LP is carrying a Zacks Rank of #3 (Hold).
Looking at valuation, Sunoco LP is presently trading at a Forward P/E ratio of 9.13. This indicates a discount in contrast to its industry's Forward P/E of 13.34.
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 24, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).