Here's Why Sunoco LP (SUN) Gained But Lagged the Market Today

Company Performance - Sunoco LP (SUN) closed at $54.73, with a slight increase of +0.26% from the previous trading session, underperforming compared to the S&P 500's gain of 0.88% [1] - The stock has risen by 6.04% over the past month, contrasting with the Oils-Energy sector's loss of 0.38% and the S&P 500's gain of 1.17% [1] Earnings Expectations - Sunoco LP is expected to report earnings on February 11, 2025, with an anticipated EPS of$ 2.46, representing a significant 264% increase compared to the same quarter last year [2] - The consensus estimate projects revenue of $5.74 billion, reflecting a 1.75% increase from the equivalent quarter last year [2] Analyst Estimates - Recent changes to analyst estimates for Sunoco LP indicate a positive outlook, suggesting analyst optimism regarding the company's business and profitability [3] - The Zacks Rank system, which incorporates these estimate changes, currently ranks Sunoco LP as 1 (Strong Buy), indicating strong potential for stock performance [5] Valuation Metrics - Sunoco LP has a Forward P/E ratio of 5.65, which is significantly lower than its industry's Forward P/E of 23.82, indicating a valuation discount [6] - The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, to which Sunoco LP belongs, has a Zacks Industry Rank of 48, placing it in the top 20% of over 250 industries [6]