Archrock Inc AROC.N reported quarterly adjusted earnings of 34 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 21 cents. The mean expectation of six analysts for the quarter was for earnings of 30 cents per share. Wall Street expected results to range from 27 cents to 36 cents per share.
Revenue rose 25.7% to $326.42 million from a year ago; analysts expected $330.63 million.
Archrock Inc's reported EPS for the quarter was 34 cents.
The company reported quarterly net income of $59.76 million.
Archrock Inc shares had risen by 3.7% this quarter.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 6.4% 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 $30.50
This summary was machine generated from LSEG data February 25 at 02:31 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 |
Dec. 31 2024 | 0.30 | 0.34 | Beat |
Sep. 30 2024 | 0.27 | 0.22 | Missed |
Jun. 30 2024 | 0.25 | 0.23 | Missed |
Mar. 31 2024 | 0.22 | 0.26 | Beat |
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