This story originally appeared on Zacks
In the last trading session, Suburban Propane Partners LP (SPH) closed at $15.40, posting a move of 0.92% from the day before. This change outpaced the S&P 500’s loss of 1.94% today. Elsewhere, the Dow Jones lost 1.07%, while the tech-heavy Nasdaq lost 0.39%.
Heading into the day, the company’s shares are up 2.35% over the past month, lagging the oil and energy sector’s 5.65% gain and the S&P 500’s 5.72% gain in that time.
Wall Street will be looking for positivity from Suburban Propane Partners, LP as it approaches the next earnings report date. The company is expected to report earnings per share of $0.69, up 13.11% from the previous quarter. Meanwhile, our latest consensus estimate calls for revenue of $403.95 million, up 32.36% from the prior year quarter.
SPH’s full-year Zacks consensus estimates call for earnings of $2.07 per share on revenue of $1.49 billion. These results will represent annual changes of +6.7% and +15.63%, respectively.
Investors should also note any recent changes to analyst estimates of Suburban Propane Partners, and these recent reviews tend to reflect the evolving nature of short-term business trends. As such, positive rating reviews reflect the analyst’s optimism about the company’s business and profitability.
Our research shows that these discretionary changes are directly correlated with near-term stock prices. We developed Zacks Rank to take advantage of this phenomenon. Our system takes these discretionary changes into account and provides a clear and actionable rating model.
Ranging from #1 (strong buy) to #5 (strong sell), the Zacks Rank system has an externally audited track record of outperforming, with the #1 stock returning an average of +25% per year since 1988. Over the past month , the Zacks Consensus EPS estimate remained constant. Suburban Propane Partners, LP is currently a Zacks #1 athlete (strong buy).
Given its rating, Suburban Propane Partners, LP maintains a forward P/E ratio of 7.37. This is a discount compared to the industry’s forward P/E average of 9.6.
Oil and Gas – Refining and Marketing – The main limited partnerships industry is part of the oil and energy sector. This group has a Zacks Industry Rating of 14, placing it in the top 6% of all 250+ industries.
The Zacks Industry Ranking measures the strength of our individual industry groups by measuring the average Zacks rating of the individual stocks within the groups. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.
You can find more information about all of these metrics and more at Zacks.com.
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