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

Archrock

02/11/2023 21:28

* Archrock Inc  AROC.N  reported quarterly adjusted earnings
of 20
cents​​ per share for the quarter ended in September, 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 19 cents per share. Wall Street
expected results to range from 18 cents to 20 cents per share.
    * Revenue rose 18.6% to $253.37 million from a year ago;
analysts
expected $252.04 million. 
    * Archrock Inc's reported EPS for the quarter was 20 cents​.
    * The company reported quarterly net income of $30.86
million.
    * Archrock Inc shares had risen by 4.6% this quarter and
gained 46.8% so far this year.

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
$16.00 
This summary was machine generated from LSEG data November 2 at
09:27 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.19           0.20           Beat
 Jun. 30 2023      0.14           0.16           Beat
 Mar. 31 2023      0.12           0.10           Missed
 Dec. 31 2022      0.07           0.08           Beat