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

Archrock

31/07/2024 01:07

* Archrock Inc  AROC.N  reported quarterly adjusted earnings
of 23
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 16
cents.  The mean expectation of three analysts for the quarter
was for earnings of 25 cents per share. Wall Street expected
results to range from 22 cents to 26 cents per share.
    * Revenue rose 9.3% to $270.53 million from a year ago;
analysts
expected $270.60 million. 
    * Archrock Inc's reported EPS for the quarter was 22 cents​.
    * The company reported quarterly net income of $34.43
million.
    * Archrock Inc shares had risen by 7.0% this quarter and
gained 40.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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
$23.50 
This summary was machine generated from LSEG data July 31 at
12:07 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
 Jun. 30 2024      0.25           0.23           Missed
 Mar. 31 2024      0.22           0.26           Beat
 Dec. 31 2023      0.21           0.21           Met
 Sep. 30 2023      0.19           0.20           Beat