Archrock Inc reports results for the quarter ended September 30 - Earnings Summary

Archrock

13/11/2024 24:08

* Archrock Inc  AROC.N  reported quarterly adjusted earnings
of 22
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 20 cents.  The mean expectation of six analysts for the
quarter was for earnings of 27 cents per share. Wall Street
expected results to range from 21 cents to 31 cents per share.
    * Revenue rose 15.3% to $292.16 million from a year ago;
analysts
expected $286.19 million. 
    * Archrock Inc's reported EPS for the quarter was 22 cents​.
    * The company reported quarterly net income of $37.52
million.
    * Archrock Inc shares had risen by 16.7% this quarter and
gained 53.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.5%
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 7 "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
$24.50 
This summary was machine generated from LSEG data November 13 at
12:08 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
 Sep. 30 2024      0.27           0.22           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