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Archrock Inc. (AROC) Gains As Market Dips: What You Should Know
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Archrock Inc. (AROC - Free Report) ended the recent trading session at $29.12, demonstrating a +2.57% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.52%. Meanwhile, the Dow lost 1.24%, and the Nasdaq, a tech-heavy index, lost 0.21%.
The stock of natural gas compression services business has fallen by 7.46% in the past month, lagging the Oils-Energy sector's gain of 5.63% and the S&P 500's loss of 1.21%.
Analysts and investors alike will be keeping a close eye on the performance of Archrock Inc. in its upcoming earnings disclosure. On that day, Archrock Inc. is projected to report earnings of $0.46 per share, which would represent year-over-year growth of 9.52%. Meanwhile, the latest consensus estimate predicts the revenue to be $382.43 million, indicating stability compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.77 per share and revenue of $1.51 billion. These totals would mark changes of -6.84% and +1.48%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Archrock Inc. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.39% lower. Archrock Inc. is holding a Zacks Rank of #5 (Strong Sell) right now.
Investors should also note Archrock Inc.'s current valuation metrics, including its Forward P/E ratio of 16.01. This valuation marks a discount compared to its industry average Forward P/E of 17.44.
One should further note that AROC currently holds a PEG ratio of 1.33. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Oil and Gas - Field Services industry stood at 1.88 at the close of the market yesterday.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 184, positioning it in the bottom 26% of all 250+ industries.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Archrock Inc. (AROC) Gains As Market Dips: What You Should Know
Archrock Inc. (AROC - Free Report) ended the recent trading session at $29.12, demonstrating a +2.57% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.52%. Meanwhile, the Dow lost 1.24%, and the Nasdaq, a tech-heavy index, lost 0.21%.
The stock of natural gas compression services business has fallen by 7.46% in the past month, lagging the Oils-Energy sector's gain of 5.63% and the S&P 500's loss of 1.21%.
Analysts and investors alike will be keeping a close eye on the performance of Archrock Inc. in its upcoming earnings disclosure. On that day, Archrock Inc. is projected to report earnings of $0.46 per share, which would represent year-over-year growth of 9.52%. Meanwhile, the latest consensus estimate predicts the revenue to be $382.43 million, indicating stability compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.77 per share and revenue of $1.51 billion. These totals would mark changes of -6.84% and +1.48%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Archrock Inc. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.39% lower. Archrock Inc. is holding a Zacks Rank of #5 (Strong Sell) right now.
Investors should also note Archrock Inc.'s current valuation metrics, including its Forward P/E ratio of 16.01. This valuation marks a discount compared to its industry average Forward P/E of 17.44.
One should further note that AROC currently holds a PEG ratio of 1.33. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Oil and Gas - Field Services industry stood at 1.88 at the close of the market yesterday.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 184, positioning it in the bottom 26% of all 250+ industries.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.