Archrock Inc reports results for the quarter ended in December - Earnings Summary

Archrock

21/02/2024 11:01

* Archrock Inc  AROC.N  reported quarterly adjusted earnings
of 21
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 8
cents.  The mean expectation of three analysts for the quarter
was for earnings of 21 cents per share. Wall Street expected
results to range from 21 cents to 22 cents per share.
    * Revenue rose 18.6% to $259.59 million from a year ago;
analysts
expected $253.98 million. 
    * Archrock Inc's reported EPS for the quarter was 21 cents​.
    * The company reported quarterly net income of $33 million.
    * Archrock Inc shares had risen by 14.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil related
services and equipment peer group is also "buy"

Wall Street's median 12-month price target for Archrock Inc is
$18.00 
This summary was machine generated from LSEG data February 21 at
11:01 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.21           0.21           Met
 Sep. 30 2023      0.19           0.20           Beat
 Jun. 30 2023      0.14           0.16           Beat
 Mar. 31 2023      0.12           0.10           Missed