* Archrock Inc reported quarterly adjusted earnings of 22 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 20 cents. The mean expectation of six analysts for the quarter was for earnings of 27 cents per share. Wall Street expected results to range from 21 cents to 31 cents per share.
* Revenue rose 15.3% to $292.16 million from a year ago; analysts expected $286.19 million.
* Archrock Inc's reported EPS for the quarter was 22 cents.
* The company reported quarterly net income of $37.52 million.
* Archrock Inc shares had risen by 16.7% this quarter and gained 53.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 5.5% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the oil related services and equipment peer group is also "buy"
Wall Street's median 12-month price target for Archrock Inc is $24.50 This summary was machine generated from LSEG data November 13 at 12:08 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.27 0.22 Missed
Jun. 30 2024 0.25 0.23 Missed
Mar. 31 2024 0.22 0.26 Beat
Dec. 31 2023 0.21 0.21 Met
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