Sunoco LP(US:SUN) ZACKS·2024-07-26 23:05Core Viewpoint - Sunoco LP is expected to report significant earnings growth in its upcoming earnings disclosure, with analysts optimistic about the company's profitability despite a slight decline in revenue projections compared to the previous year [3][8]. Company Performance - Sunoco LP closed at $54.83, reflecting a gain of +0.59% from the previous trading session, which was lower than the S&P 500's daily gain of 1.11% [2]. - Over the past month, shares of Sunoco LP have decreased by 4.32%, outperforming the Oils-Energy sector's loss of 10.8% but lagging behind the S&P 500's loss of 1.16% [7]. Earnings Estimates - The upcoming earnings report on August 7, 2024, is anticipated to show an EPS of $1.79, representing a growth of 129.49% compared to the same quarter last year [3]. - For the entire year, the Zacks Consensus Estimates forecast earnings of $7.29 per share and revenue of $22.54 billion, indicating changes of +99.73% and -2.27%, respectively, compared to the previous year [8]. Analyst Sentiment - Recent changes to analyst estimates for Sunoco LP indicate positive sentiment, reflecting optimism about the company's near-term business trends and profitability [4]. - Sunoco LP currently holds a Zacks Rank of 1 (Strong Buy), which has historically outperformed the market, with 1 stocks returning an average annual gain of +25% since 1988 [9]. Valuation Metrics - Sunoco LP is trading at a Forward P/E ratio of 7.48, which is a discount compared to the industry's average Forward P/E of 10.51 [5]. Industry Context - The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, to which Sunoco LP belongs, has a Zacks Industry Rank of 14, placing it in the top 6% of over 250 industries [10].