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Archrock Inc. (AROC) Declines More Than Market: Some Information for Investors
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Archrock Inc. (AROC - Free Report) closed at $29.99 in the latest trading session, marking a -1.83% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.17%. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, lost 0.09%.
Prior to today's trading, shares of the natural gas compression services business had lost 3.08% lagged the Oils-Energy sector's gain of 0.04% and the S&P 500's loss of 0.24%.
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. Simultaneously, our latest consensus estimate expects the revenue to be $382.43 million, showing steadiness compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.73 per share and a revenue of $1.51 billion, indicating changes of -8.95% and +1.48%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Archrock Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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 past month, there's been no change in the Zacks Consensus EPS estimate. Right now, Archrock Inc. possesses a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, Archrock Inc. is holding a Forward P/E ratio of 17.69. This indicates a discount in contrast to its industry's Forward P/E of 21.83.
We can also see that AROC currently has a PEG ratio of 1.47. 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 1.87 at the close of the market yesterday.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 77, placing it within the top 32% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Archrock Inc. (AROC) Declines More Than Market: Some Information for Investors
Archrock Inc. (AROC - Free Report) closed at $29.99 in the latest trading session, marking a -1.83% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.17%. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, lost 0.09%.
Prior to today's trading, shares of the natural gas compression services business had lost 3.08% lagged the Oils-Energy sector's gain of 0.04% and the S&P 500's loss of 0.24%.
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. Simultaneously, our latest consensus estimate expects the revenue to be $382.43 million, showing steadiness compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.73 per share and a revenue of $1.51 billion, indicating changes of -8.95% and +1.48%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Archrock Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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 past month, there's been no change in the Zacks Consensus EPS estimate. Right now, Archrock Inc. possesses a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, Archrock Inc. is holding a Forward P/E ratio of 17.69. This indicates a discount in contrast to its industry's Forward P/E of 21.83.
We can also see that AROC currently has a PEG ratio of 1.47. 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 1.87 at the close of the market yesterday.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 77, placing it within the top 32% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.