Sunoco SUN announces its next round of earnings this Tuesday, August 03. Here is Benzinga's everything-that-matters guide for this Tuesday's Q2 earnings announcement.
Net Income, Earnings, And Earnings Per Share
Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Sunoco EPS will likely be near $0.95 while revenue will be around $3.98 billion, according to analysts. Sunoco earnings in the same period a year ago was $0.85 per share. Quarterly sales came in at $2.08 billion.
Why Analyst Estimates And Earnings Surprises Are Important
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.
If the company were to post earnings in line with the consensus estimate when it reports Tuesday, EPS would be up 11.76%. Sales would be up 91.35% on a year-over-year basis. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.61 | 0.80 | 0.78 | 0.44 |
| EPS Actual | 1.60 | 0.88 | 0.96 | 0.85 |
| Revenue Estimate | 3.50 B | 3.31 B | 3.50 B | 2.81 B |
| Revenue Actual | 3.47 B | 2.55 B | 2.81 B | 2.08 B |
Want Real-Time Earnings Calendar Updates?
Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.
Stock Performance
Over the last 52-week period, shares are up 46.38%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Do not be surprised to see the stock move on comments made during its conference call. Sunoco is scheduled to hold the call at 10:00:00 ET and can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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