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Archrock Inc. (AROC) Stock Sinks As Market Gains: What You Should Know
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Archrock Inc. (AROC - Free Report) closed at $25.36 in the latest trading session, marking a -1.51% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.16%. Meanwhile, the Dow gained 0.17%, and the Nasdaq, a tech-heavy index, added 0.26%.
The stock of natural gas compression services business has fallen by 1.38% in the past month, lagging the Oils-Energy sector's loss of 0.36% and the S&P 500's gain of 1.89%.
Market participants will be closely following the financial results of Archrock Inc. in its upcoming release. It is anticipated that the company will report an EPS of $0.4, marking a 14.29% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $376.66 million, reflecting a 15.39% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.6 per share and a revenue of $1.49 billion, signifying shifts of +52.38% and 0%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Archrock Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Archrock Inc. holds a Zacks Rank of #3 (Hold).
In terms of valuation, Archrock Inc. is currently trading at a Forward P/E ratio of 14.05. This denotes a discount relative to the industry average Forward P/E of 18.33.
It's also important to note that AROC currently trades at a PEG ratio of 1.17. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Field Services industry had an average PEG ratio of 1.47 as trading concluded yesterday.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 47, putting it in the top 20% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Archrock Inc. (AROC) Stock Sinks As Market Gains: What You Should Know
Archrock Inc. (AROC - Free Report) closed at $25.36 in the latest trading session, marking a -1.51% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.16%. Meanwhile, the Dow gained 0.17%, and the Nasdaq, a tech-heavy index, added 0.26%.
The stock of natural gas compression services business has fallen by 1.38% in the past month, lagging the Oils-Energy sector's loss of 0.36% and the S&P 500's gain of 1.89%.
Market participants will be closely following the financial results of Archrock Inc. in its upcoming release. It is anticipated that the company will report an EPS of $0.4, marking a 14.29% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $376.66 million, reflecting a 15.39% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.6 per share and a revenue of $1.49 billion, signifying shifts of +52.38% and 0%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Archrock Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Archrock Inc. holds a Zacks Rank of #3 (Hold).
In terms of valuation, Archrock Inc. is currently trading at a Forward P/E ratio of 14.05. This denotes a discount relative to the industry average Forward P/E of 18.33.
It's also important to note that AROC currently trades at a PEG ratio of 1.17. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Field Services industry had an average PEG ratio of 1.47 as trading concluded yesterday.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 47, putting it in the top 20% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.