![]() Sunoco LP is currently a Zacks Rank #3 (Hold). Within the past 30 days, our consensus EPS projection has moved 9.2% higher. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. These recent revisions tend to reflect the evolving nature of short-term business trends. Investors might also notice recent changes to analyst estimates for Sunoco LP. Our most recent consensus estimate is calling for quarterly revenue of $5.89 billion, down 24.64% from the year-ago period.įor the full year, our Zacks Consensus Estimates are projecting earnings of $4.10 per share and revenue of $23.15 billion, which would represent changes of -12.39% and -10.01%, respectively, from the prior year. ![]() On that day, Sunoco LP is projected to report earnings of $1.02 per share, which would represent a year-over-year decline of 15%. ![]() Wall Street will be looking for positivity from Sunoco LP as it approaches its next earnings report date. Heading into today, shares of the master limited partnership had gained 3.33% over the past month, outpacing the Oils-Energy sector's gain of 2.92% and lagging the S&P 500's gain of 6.1% in that time. Meanwhile, the Dow lost 0.68%, and the Nasdaq, a tech-heavy index, lost 0.61%. This move outpaced the S&P 500's daily gain of 0.08%. Sunoco LP (SUN) closed at $45.20 in the latest trading session, marking a +1.25% move from the prior day.
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