Sunoco LP (SUN) Ascends But Remains Behind Market: Some Facts to Note

Core Viewpoint - Sunoco LP is expected to report a significant decline in earnings per share (EPS) and revenue in the upcoming earnings report, indicating potential challenges ahead for the company [2][3]. Company Performance - Sunoco LP closed at $53.50, reflecting a slight increase of +0.36% from the previous day, which is lower than the S&P 500's gain of 0.54% [1]. - Over the past month, Sunoco LP's shares have increased by 2.32%, outperforming the Oils-Energy sector's decline of 3.91% but lagging behind the S&P 500's increase of 4.86% [1]. Earnings Forecast - The upcoming earnings report is projected to show an EPS of $1.56, representing a decline of 47.12% compared to the same quarter last year [2]. - The Zacks Consensus Estimate for revenue is $5.97 billion, which is a decrease of 5.58% from the previous year [2]. - For the entire year, the forecasted earnings are $9.29 per share and revenue of $23.72 billion, indicating increases of +154.52% and +2.82%, respectively, compared to the previous year [3]. Analyst Estimates - Recent changes to analyst estimates for Sunoco LP are important as they reflect the evolving business landscape, with positive revisions indicating optimism about the company's outlook [4]. - The Zacks Rank system, which assesses these estimate changes, currently ranks Sunoco LP at 3 (Hold) [6]. Valuation Metrics - Sunoco LP has a Forward P/E ratio of 5.74, which is significantly lower than its industry's Forward P/E of 18.71, suggesting a valuation discount [6]. Industry Context - Sunoco LP operates within the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, which has a Zacks Industry Rank of 163, placing it in the bottom 36% of over 250 industries [7].