Sunoco LP (SUN) Advances While Market Declines: Some Information for Investors

Core Viewpoint - Sunoco LP is set to report earnings on August 7, 2024, with expectations of significant growth in EPS but a decline in revenue compared to the previous year [2][3]. Financial Performance - The upcoming earnings report is anticipated to show an EPS of $1.79, reflecting a growth of 129.49% year-over-year [2]. - For the full year, analysts expect earnings of $7.29 per share, marking a change of +99.73% from last year [3]. - Revenue projections for the upcoming quarter are set at $5.49 billion, which is a decrease of 4.41% from the same period last year [2]. - Full-year revenue is estimated at $22.54 billion, indicating a decline of 2.27% compared to the previous year [3]. Analyst Sentiment - Recent revisions to analyst forecasts for Sunoco LP are crucial as they reflect changing business trends and analysts' confidence in the company's profitability [4]. - The Zacks Rank system currently rates Sunoco LP as 1 (Strong Buy), indicating positive sentiment among analysts [6]. Valuation Metrics - Sunoco LP is trading at a Forward P/E ratio of 7.53, which is lower than the industry average of 10.67, suggesting it is undervalued [7]. - The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, to which Sunoco LP belongs, has a Zacks Industry Rank of 23, placing it in the top 10% of over 250 industries [7][8].