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Archrock Inc. (AROC) Ascends While Market Falls: Some Facts to Note
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In the latest trading session, Archrock Inc. (AROC - Free Report) closed at $39.06, marking a +2.57% move from the previous day. The stock outpaced the S&P 500's daily loss of 1.44%. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 2.22%.
The natural gas compression services business's shares have seen an increase of 2.23% over the last month, surpassing the Oils-Energy sector's loss of 7.14% and the S&P 500's gain of 0.08%.
The upcoming earnings release of Archrock Inc. will be of great interest to investors. On that day, Archrock Inc. is projected to report earnings of $0.47 per share, which would represent year-over-year growth of 20.51%. Our most recent consensus estimate is calling for quarterly revenue of $390.4 million, up 1.89% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.95 per share and revenue of $1.55 billion. These totals would mark changes of +2.63% and +4.19%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Archrock Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Archrock Inc. is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Archrock Inc. is currently exchanging hands at a Forward P/E ratio of 19.53. For comparison, its industry has an average Forward P/E of 21.21, which means Archrock Inc. is trading at a discount to the group.
It is also worth noting that AROC currently has a PEG ratio of 1.63. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Field Services was holding an average PEG ratio of 2.13 at yesterday's closing price.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 176, positioning it in the bottom 28% of all 250+ industries.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Archrock Inc. (AROC) Ascends While Market Falls: Some Facts to Note
In the latest trading session, Archrock Inc. (AROC - Free Report) closed at $39.06, marking a +2.57% move from the previous day. The stock outpaced the S&P 500's daily loss of 1.44%. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 2.22%.
The natural gas compression services business's shares have seen an increase of 2.23% over the last month, surpassing the Oils-Energy sector's loss of 7.14% and the S&P 500's gain of 0.08%.
The upcoming earnings release of Archrock Inc. will be of great interest to investors. On that day, Archrock Inc. is projected to report earnings of $0.47 per share, which would represent year-over-year growth of 20.51%. Our most recent consensus estimate is calling for quarterly revenue of $390.4 million, up 1.89% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.95 per share and revenue of $1.55 billion. These totals would mark changes of +2.63% and +4.19%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Archrock Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Archrock Inc. is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Archrock Inc. is currently exchanging hands at a Forward P/E ratio of 19.53. For comparison, its industry has an average Forward P/E of 21.21, which means Archrock Inc. is trading at a discount to the group.
It is also worth noting that AROC currently has a PEG ratio of 1.63. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Field Services was holding an average PEG ratio of 2.13 at yesterday's closing price.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 176, positioning it in the bottom 28% of all 250+ industries.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.