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

Archrock

30/04/2024 23:32

* Archrock Inc  AROC.N  reported quarterly adjusted earnings
of 26
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 10
cents.  The mean expectation of three analysts for the quarter
was for earnings of 22 cents per share. Wall Street expected
results to range from 22 cents to 23 cents per share.
    * Revenue rose 16.8% to $268.49 million from a year ago;
analysts
expected $260.51 million. 
    * Archrock Inc's reported EPS for the quarter was 26 cents​.
    * The company reported quarterly net income of $40.53
million.
    * Archrock Inc shares had risen by 2.3% this quarter and
gained 30.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.5%
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
$21.00 
This summary was machine generated from LSEG data April 30 at
10:32 p.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
 Mar. 31 2024      0.22           0.26           Beat
 Dec. 31 2023      0.21           0.21           Met
 Sep. 30 2023      0.19           0.20           Beat
 Jun. 30 2023      0.14           0.16           Beat