Archrock Inc reports results for the quarter ended September 30 - Earnings Summary

• Archrock Inc AROC reported quarterly adjusted earnings of 40 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 22 cents. The mean expectation of seven analysts for the quarter was for earnings of 40 cents per share. Wall Street expected results to range from 38 cents to 44 cents per share.

• Revenue rose 30.9% to $382.43 million from a year ago; analysts expected $378.24 million.

• Archrock Inc's reported EPS for the quarter was 40 cents​.

• The company reported quarterly net income of $71.25 million.

• Archrock Inc shares had fallen by 2.8% this quarter and gained 2.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "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 $31.00, about 17.2% above its last closing price of $25.66

This summary was machine generated from LSEG data October 28 at 09:46 p.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)