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Why the Market Dipped But Archrock Inc. (AROC) Gained Today
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In the latest trading session, Archrock Inc. (AROC - Free Report) closed at $36.32, marking a +1.62% move from the previous day. This change outpaced the S&P 500's 0.28% loss on the day. Elsewhere, the Dow saw a downswing of 0.44%, while the tech-heavy Nasdaq depreciated by 0.28%.
Coming into today, shares of the natural gas compression services business had gained 8.63% in the past month. In that same time, the Oils-Energy sector gained 8.87%, while the S&P 500 lost 3.59%.
The investment community will be paying close attention to the earnings performance of Archrock Inc. in its upcoming release. The company's upcoming EPS is projected at $0.48, signifying a 14.29% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $376.69 million, showing a 8.51% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.01 per share and revenue of $1.55 billion, which would represent changes of +5.79% and +3.96%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Archrock Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 3.26% rise in the Zacks Consensus EPS estimate. Archrock Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Archrock Inc. is currently exchanging hands at a Forward P/E ratio of 17.81. This indicates a discount in contrast to its industry's Forward P/E of 19.63.
One should further note that AROC currently holds a PEG ratio of 1.48. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Oil and Gas - Field Services industry stood at 1.56 at the close of the market yesterday.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 41, this industry ranks in the top 17% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Why the Market Dipped But Archrock Inc. (AROC) Gained Today
In the latest trading session, Archrock Inc. (AROC - Free Report) closed at $36.32, marking a +1.62% move from the previous day. This change outpaced the S&P 500's 0.28% loss on the day. Elsewhere, the Dow saw a downswing of 0.44%, while the tech-heavy Nasdaq depreciated by 0.28%.
Coming into today, shares of the natural gas compression services business had gained 8.63% in the past month. In that same time, the Oils-Energy sector gained 8.87%, while the S&P 500 lost 3.59%.
The investment community will be paying close attention to the earnings performance of Archrock Inc. in its upcoming release. The company's upcoming EPS is projected at $0.48, signifying a 14.29% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $376.69 million, showing a 8.51% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.01 per share and revenue of $1.55 billion, which would represent changes of +5.79% and +3.96%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Archrock Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 3.26% rise in the Zacks Consensus EPS estimate. Archrock Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Archrock Inc. is currently exchanging hands at a Forward P/E ratio of 17.81. This indicates a discount in contrast to its industry's Forward P/E of 19.63.
One should further note that AROC currently holds a PEG ratio of 1.48. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Oil and Gas - Field Services industry stood at 1.56 at the close of the market yesterday.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 41, this industry ranks in the top 17% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.