Sunoco LP(US:SUN) ZACKSยท2024-10-03 23:20Group 1 - Sunoco LP's stock closed at $53.08, reflecting a -0.24% change from the previous day, underperforming compared to the S&P 500's loss of 0.17% [1] - Over the past month, Sunoco LP's stock has increased by 1.31%, outperforming the Oils-Energy sector's gain of 0.85% and the S&P 500's gain of 1.25% [1] Group 2 - Sunoco LP is expected to report an EPS of $1.56, which represents a 47.12% decline from the same quarter last year, with a revenue forecast of $5.97 billion, indicating a 5.58% decrease year-over-year [2] - For the entire fiscal year, the Zacks Consensus Estimates predict earnings of $9.29 per share and revenue of $23.72 billion, reflecting increases of +154.52% and +2.82% respectively from the previous year [3] Group 3 - Recent changes in analyst estimates for Sunoco LP are important as they reflect short-term business trends, with upward revisions indicating analysts' positive outlook on the company's operations [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 stocks have returned an average of +25% annually since 1988, with Sunoco LP currently holding a Zacks Rank of 3 (Hold) [6] Group 4 - Sunoco LP's Forward P/E ratio is 5.73, which is significantly lower than the industry's average Forward P/E of 18.9, indicating a valuation discount [7] - The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, which includes Sunoco LP, has a Zacks Industry Rank of 193, placing it in the bottom 24% of over 250 industries [7][8]