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Archrock Inc. (AROC) Rises As Market Takes a Dip: Key Facts
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In the latest close session, Archrock Inc. (AROC - Free Report) was up +2.05% at $33.36. This change outpaced the S&P 500's 0.58% loss on the day. At the same time, the Dow lost 1.18%, and the tech-heavy Nasdaq lost 0.32%.
The stock of natural gas compression services business has fallen by 1.33% in the past month, lagging the Oils-Energy sector's gain of 6.77% and the S&P 500's loss of 0.36%.
The upcoming earnings release of Archrock Inc. will be of great interest to investors. The company is forecasted to report an EPS of $0.45, showcasing a 7.14% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $382.43 million, reflecting no change from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.73 per share and a revenue of $1.51 billion, demonstrating changes of -8.95% and +1.48%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Archrock Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.43% decrease. Currently, Archrock Inc. is carrying a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Archrock Inc. is presently being traded at a Forward P/E ratio of 18.93. This denotes a discount relative to the industry average Forward P/E of 24.74.
It's also important to note that AROC currently trades at a PEG ratio of 1.58. 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. AROC's industry had an average PEG ratio of 2.14 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 177, this industry ranks in the bottom 29% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Archrock Inc. (AROC) Rises As Market Takes a Dip: Key Facts
In the latest close session, Archrock Inc. (AROC - Free Report) was up +2.05% at $33.36. This change outpaced the S&P 500's 0.58% loss on the day. At the same time, the Dow lost 1.18%, and the tech-heavy Nasdaq lost 0.32%.
The stock of natural gas compression services business has fallen by 1.33% in the past month, lagging the Oils-Energy sector's gain of 6.77% and the S&P 500's loss of 0.36%.
The upcoming earnings release of Archrock Inc. will be of great interest to investors. The company is forecasted to report an EPS of $0.45, showcasing a 7.14% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $382.43 million, reflecting no change from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.73 per share and a revenue of $1.51 billion, demonstrating changes of -8.95% and +1.48%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Archrock Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.43% decrease. Currently, Archrock Inc. is carrying a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Archrock Inc. is presently being traded at a Forward P/E ratio of 18.93. This denotes a discount relative to the industry average Forward P/E of 24.74.
It's also important to note that AROC currently trades at a PEG ratio of 1.58. 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. AROC's industry had an average PEG ratio of 2.14 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 177, this industry ranks in the bottom 29% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.