Sunoco LP (SUN) ended the latest buying and selling session at $50.91, demonstrating a +0.22% swing from the previous day’s closing value. The inventory’s efficiency was behind the S&P 500’s each day achieve of 0.41%. Elsewhere, the Dow noticed an upswing of 0.69%, whereas the tech-heavy Nasdaq appreciated by 0.8%.
The grasp restricted partnership’s inventory has dropped by 4.3% up to now month, falling in need of the Oils-Vitality sector’s lack of 0.13% and the S&P 500’s lack of 0.97%.
Market individuals can be intently following the monetary outcomes of Sunoco LP in its upcoming launch. The corporate plans to announce its earnings on November 6, 2024. In that report, analysts count on Sunoco LP to put up earnings of $1.53 per share. This might mark a year-over-year decline of 48.14%. On the identical time, our most up-to-date consensus estimate is projecting a income of $5.97 billion, reflecting a 5.56% fall from the equal quarter final 12 months.
For the total 12 months, the Zacks Consensus Estimates mission earnings of $9.28 per share and a income of $23.72 billion, demonstrating modifications of +154.25% and +2.84%, respectively, from the previous 12 months.
Any latest modifications to analyst estimates for Sunoco LP must also be famous by buyers. These revisions assist to point out the ever-changing nature of near-term enterprise developments. As such, constructive estimate revisions replicate analyst optimism concerning the firm’s enterprise and profitability.
Our analysis reveals that these estimate alterations are instantly linked with the inventory value efficiency within the close to future. To make the most of this, now we have created the Zacks Rank, a proprietary mannequin that integrates these estimate modifications and gives a purposeful ranking system.
The Zacks Rank system, spanning from #1 (Robust Purchase) to #5 (Robust Promote), boasts a powerful observe document of outperformance, audited externally, with #1 ranked shares yielding a median annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.19% decrease inside the previous month. Sunoco LP is presently sporting a Zacks Rank of #3 (Maintain).
Taking a look at valuation, Sunoco LP is presently buying and selling at a Ahead P/E ratio of 5.48. This denotes a reduction relative to the trade’s common Ahead P/E of 17.87.
The Oil and Fuel – Refining and Advertising and marketing – Grasp Restricted Partnerships trade is a part of the Oils-Vitality sector. This group has a Zacks Trade Rank of 99, placing it within the high 40% of all 250+ industries.
The Zacks Trade Rank gauges the power of our particular person trade teams by measuring the typical Zacks Rank of the person shares inside the teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
Have in mind to depend on Zacks.com to look at all these stock-impacting metrics, and extra, within the succeeding buying and selling classes.
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Sunoco LP (SUN) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
