Sunoco LP (SUN) ended the recent trading session at $75.95, demonstrating a +1.28% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.14%. Meanwhile, the Dow experienced a drop of 0.01%, and the technology-dominated Nasdaq saw a decrease of 0.57%.
The stock of master limited partnership has risen by 14.93% in the past month, leading the Oils-Energy sector's gain of 5.65% and the S&P 500's gain of 0.25%.
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. On that day, Sunoco LP is projected to report earnings of $2.19 per share, which would represent year-over-year growth of 563.64%. 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.
It's also important for investors to be aware of any recent modifications to analyst estimates for Sunoco LP. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Sunoco LP is currently a Zacks Rank #3 (Hold).
Digging into valuation, Sunoco LP currently has a Forward P/E ratio of 9.47. This represents a discount compared to its industry average Forward P/E of 13.44.
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 22, which puts it in the top 9% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
See Stocks Now >>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 Report
This article originally published on Zacks Investment Research (zacks.com).