An Overview of Archrock's Earnings

Archrock (NYSE:AROC) is preparing to release its quarterly earnings on Monday, 2024-11-11. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Archrock to report an earnings per share (EPS) of $0.27.

The announcement from Archrock is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Earnings History Snapshot

During the last quarter, the company reported an EPS missed by $0.02, leading to a 3.63% drop in the share price on the subsequent day.

Here's a look at Archrock's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.25

0.22

0.21

0.19

EPS Actual

0.23

0.26

0.21

0.20

Price Change %

-4.0%

2.0%

5.0%

5.0%

Stock Performance

Shares of Archrock were trading at $22.57 as of November 07. Over the last 52-week period, shares are up 63.43%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Views on Archrock

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Archrock.

A total of 5 analyst ratings have been received for Archrock, with the consensus rating being Outperform. The average one-year price target stands at $24.4, suggesting a potential 8.11% upside.

Comparing Ratings with ...