We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Archrock Inc. (AROC) Stock Sinks As Market Gains: Here's Why
Read MoreHide Full Article
Archrock Inc. (AROC - Free Report) closed at $34.13 in the latest trading session, marking a -1.93% move from the prior day. This move lagged the S&P 500's daily gain of 0.72%. Elsewhere, the Dow gained 0.48%, while the tech-heavy Nasdaq added 1.16%.
Heading into today, shares of the natural gas compression services business had lost 5.25% over the past month, lagging the Oils-Energy sector's gain of 9.32% and the S&P 500's loss of 4.99%.
The upcoming earnings release of Archrock Inc. will be of great interest to investors. The company's upcoming EPS is projected at $0.48, signifying a 14.29% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $376.69 million, up 8.51% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.01 per share and a revenue of $1.55 billion, representing changes of +5.79% and +3.96%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Archrock Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Archrock Inc. is carrying a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Archrock Inc. has a Forward P/E ratio of 17.34 right now. This signifies a discount in comparison to the average Forward P/E of 21.39 for its industry.
One should further note that AROC currently holds a PEG ratio of 1.45. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. AROC's industry had an average PEG ratio of 1.65 as of yesterday's close.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 48, this industry ranks in the top 20% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Archrock Inc. (AROC) Stock Sinks As Market Gains: Here's Why
Archrock Inc. (AROC - Free Report) closed at $34.13 in the latest trading session, marking a -1.93% move from the prior day. This move lagged the S&P 500's daily gain of 0.72%. Elsewhere, the Dow gained 0.48%, while the tech-heavy Nasdaq added 1.16%.
Heading into today, shares of the natural gas compression services business had lost 5.25% over the past month, lagging the Oils-Energy sector's gain of 9.32% and the S&P 500's loss of 4.99%.
The upcoming earnings release of Archrock Inc. will be of great interest to investors. The company's upcoming EPS is projected at $0.48, signifying a 14.29% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $376.69 million, up 8.51% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.01 per share and a revenue of $1.55 billion, representing changes of +5.79% and +3.96%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Archrock Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Archrock Inc. is carrying a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Archrock Inc. has a Forward P/E ratio of 17.34 right now. This signifies a discount in comparison to the average Forward P/E of 21.39 for its industry.
One should further note that AROC currently holds a PEG ratio of 1.45. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. AROC's industry had an average PEG ratio of 1.65 as of yesterday's close.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 48, this industry ranks in the top 20% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.