The latest trading session saw Sunoco LP (SUN) ending at $57.31, denoting a -0.73% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 1.08%. Elsewhere, the Dow saw an upswing of 0.32%, while the tech-heavy Nasdaq appreciated by 1.58%. It is also important to note the recent changes to analyst estimates for Sunoco LP. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analy ...

In the latest trading session, Sunoco LP (SUN) closed at $58.53, marking a +1.19% move from the previous day. This change outpaced the S&P 500's 0.64% gain on the day. At the same time, the Dow added 1.85%, and the tech-heavy Nasdaq gained 0.2%. 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 7, 2024. The company is forecasted to report an EPS of $1.82, showcasing a 133.3 ...

Energy Transfer will serve as the operator of the joint venture and contribute its Permian crude oil and produced water gathering assets and operations. Sunoco will contribute all of its Permian crude oil gathering assets and operations to the joint venture. Energy Transfer's long-haul crude pipeline network that provides transportation of crude oil out of the Permian Basin to Nederland, Houston, and Cushing is excluded from the joint venture. The formation of the joint venture has an effective date of July ...

Sunoco LP (SUN) closed at $57.84 in the latest trading session, marking a +1.21% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.28%. Meanwhile, the Dow experienced a rise of 0.53%, and the technology-dominated Nasdaq saw an increase of 0.4%. The investment community will be closely monitoring the performance of Sunoco LP in its forthcoming earnings report. The company is scheduled to release its earnings on August 7, 2024. On that day, Sunoco LP is projected to report earnings of ...

By Phone: Dial 877-407-6184 (toll free) or 201-389-0877 at least 10 minutes before the call. A replay will be available through August 14, 2024 by dialing 877-660-6853 (toll free) or 201-612-7415 and using the conference ID 13747627. About Sunoco LP Scott Grischow Treasurer, Senior Vice President – Finance (214) 840-5660 [email protected] DALLAS, July 9, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that it will release its second quarter 2024 financial and operating results before the market ...

Sunoco LP (SUN) closed the most recent trading day at $56.54, moving -0.75% from the previous trading session. This change lagged the S&P 500's 0.41% loss on the day. At the same time, the Dow lost 0.12%, and the tech-heavy Nasdaq lost 0.71%. Investors will be eagerly watching for the performance of Sunoco LP in its upcoming earnings disclosure. The company is expected to report EPS of $1.82, up 133.33% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $5.49 ...

Core Viewpoint - Market participants are anticipating the financial results of Sunoco LP, with expectations of significant earnings growth despite a slight revenue decline [1][4]. Financial Performance - Sunoco LP is forecasted to report an EPS of $1.82, reflecting a 133.33% increase from the same quarter last year [1]. - The consensus estimate for revenue is $5.49 billion, indicating a 4.37% decrease compared to the previous year [1]. - For the entire year, the Zacks Consensus Estimates predict earnings of $7.29 per share and revenue of $22.54 billion, showing changes of +99.73% and -2.27%, respectively [4]. Stock Performance - The stock of Sunoco LP has increased by 12.33% in the past month, outperforming the Oils-Energy sector's decline of 0.71% and the S&P 500's gain of 3.22% [5]. - In the latest trading session, Sunoco LP closed at $56.75, marking a +0.32% change from the previous day, surpassing the S&P 500's gain of 0.16% [8]. Analyst Ratings - Sunoco LP currently holds a Zacks Rank of 1 (Strong Buy), with the Zacks Consensus EPS estimate having risen by 7.22% in the past month [2][9]. - The Zacks Industry Rank for the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is 179, placing it in the bottom 29% of all industries [7]. Valuation Metrics - Sunoco LP is trading at a Forward P/E ratio of 7.76, which is below the industry's average Forward P/E of 12.13, indicating a potential valuation discount [10].

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to fi ...

In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Sunoco LP. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Brokerage Recomm ...

The master limited partnership's stock has climbed by 6.7% in the past month, exceeding the Oils-Energy sector's loss of 5.24% and the S&P 500's gain of 3.59%. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 7.22% higher. Currently, Sunoco LP is carrying a Zacks Rank of #1 (Strong Buy). For ...