Archrock Inc AROC.N reported quarterly adjusted earnings of 39 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 23 cents. The mean expectation of six analysts for the quarter was for earnings of 37 cents per share. Wall Street expected results to range from 33 cents to 42 cents per share.
Revenue rose 41.6% to $383.15 million from a year ago; analysts expected $367.08 million.
Archrock Inc's reported EPS for the quarter was 36 cents.
The company reported quarterly net income of $63.42 million.
Archrock Inc shares had fallen by 9.5% this quarter and lost 9.7% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 6.7% 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 8 "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 $31.00, about 26.4% above its last closing price of $22.81
This summary was machine generated from LSEG data August 4 at 09:01 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)