Sunoco LP stock gains slightly, outperforms sector, but lags behind S&P 500

From Nasdaq: 2024-09-13 18:00:19

Sunoco LP (SUN) closed at $53.50, +0.36% from the previous day. The stock’s 1-month gain of 2.32% outperformed the sector’s loss of 3.91% and lagged behind the S&P 500’s 4.86% increase. Predicted EPS of $1.56 for upcoming earnings report signifies a 47.12% decline from last year.

Zacks Consensus Estimates forecast Sunoco LP to earn $9.29 per share and generate revenue of $23.72 billion for the year, reflecting +154.52% and +2.82% changes from last year. Recent changes in analyst estimates reflect optimism about the company’s outlook, impacting stock performance and Zacks Rank.

Sunoco LP currently has a Zacks Rank of #3 (Hold) and is trading at a Forward P/E ratio of 5.74, indicating a discount compared to its industry average. The Oil and Gas – Refining and Marketing – Master Limited Partnerships industry has a Zacks Industry Rank of 163, in the bottom 36% of all industries.

Investors can track stock-impacting metrics by relying on Zacks.com. Sunoco LP is positioned amidst changing near-term business trends, with analyst estimate revisions serving as a key indicator of optimism about the company’s performance in the future. Fo further details, visit Zacks.com.



Read more at Nasdaq: Sunoco LP (SUN) Ascends But Remains Behind Market: Some Facts to Note