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Sunoco LP (SUN) Gains As Market Dips: What You Should Know

Sunoco LP (SUN) closed the most recent trading day at $38.50, moving +0.21% from the previous trading session. This move outpaced the S&P 500's daily loss of 2.11%. At the same time, the Dow lost 1.54%, and the tech-heavy Nasdaq lost 0.3%.

Heading into today, shares of the master limited partnership had lost 3.18% over the past month, outpacing the Oils-Energy sector's loss of 11.61% and the S&P 500's loss of 8.19% in that time.

Investors will be hoping for strength from Sunoco LP as it approaches its next earnings release. The company is expected to report EPS of $1.08, up 8% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.58 billion, up 58.51% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $5.99 per share and revenue of $27.86 billion, which would represent changes of +13.45% and +58.34%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for Sunoco LP. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

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. Within the past 30 days, our consensus EPS projection has moved 7.07% lower. Sunoco LP currently has a Zacks Rank of #4 (Sell).

Looking at its valuation, Sunoco LP is holding a Forward P/E ratio of 6.42. Its industry sports an average Forward P/E of 8.15, so we 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 group has a Zacks Industry Rank of 68, putting it in the top 27% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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