Archrock Inc. (AROC - Free Report) closed at $9.57 in the latest trading session, marking a +0.74% move from the prior day. This change lagged the S&P 500's 0.76% gain on the day. At the same time, the Dow added 0.67%, and the tech-heavy Nasdaq gained 0.71%.
Coming into today, shares of the natural gas compression services business had gained 16.14% in the past month. In that same time, the Oils-Energy sector gained 2.31%, while the S&P 500 gained 0.75%.
Wall Street will be looking for positivity from AROC as it approaches its next earnings report date. This is expected to be February 28, 2019. Meanwhile, our latest consensus estimate is calling for revenue of $232.16 million, up 11.11% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for AROC. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. AROC is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, AROC is currently trading at a Forward P/E ratio of 17.7. This valuation marks a premium compared to its industry's average Forward P/E of 16.39.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 228, putting it in the bottom 11% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.