Archrock Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St.11-13 18:26

Archrock (NYSE:AROC) Third Quarter 2024 Results Key Financial Results Revenue: US$292.2m (up 15% from 3Q 2023). Net income: US$37.5m (up 23% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 2.1%. Earnings per share  missed analyst estimates by 11%.Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Energy Services industry in the US.The company's shares are up 18% from a week ago.Be aware that  Archrock is showing  3 warning signs in our investment analysis and 1 of those doesn't sit too well with us...","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"AROC":"Archrock, Inc"},"translate_title":"Archrock 2024年第三季度收益：收入超出预期，每股收益滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AROC":1},"content_text":"Archrock (NYSE:AROC) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$292.2m (up 15% from 3Q 2023).\nNet income: US$37.5m (up 23% from 3Q 2023).\nProfit margin: 13% (in line with 3Q 2023).\nEPS: US$0.23 (up from US$0.20 in 3Q 2023).\n\n\n\n\n  NYSE:AROC Earnings and Revenue History November 13th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nArchrock Revenues Beat Expectations, EPS Falls Short\n Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 11%. \n Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Energy Services industry in the US. \nPerformance of the American Energy Services industry.\n The company's shares are up 18% from a week ago. \nRisk Analysis\n Be aware that  Archrock is showing  3 warning signs in our investment analysis and 1 of those doesn't sit too well with us... \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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