Sunoco LP (SUN) Laps the Stock Market: Here's Why

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].