Archrock Shares Drop 1.48% After 27.6% Rally, Q4 EPS Seen at $0.40
Archrock shares fell 1.48% to close at $31.87, underperforming the S&P 500 by 1.15 percentage points despite a 27.56% one-month rally. The company is forecast to report Q4 EPS of $0.40 on $376.66 million revenue when it releases results on February 24.
1. Daily Trading Performance
Archrock shares fell 1.48% to close at $31.87, lagging the S&P 500’s 0.33% decline and the Nasdaq’s 0.59% drop, while the Dow Industrials gained 0.10%.
2. Monthly Outperformance
Over the past month Archrock shares have surged 27.56%, outpacing the Oils-Energy sector’s 14.13% advance and the S&P 500’s flat return.
3. Earnings Forecast and Valuation
The company will report fourth-quarter results on February 24, with analysts projecting EPS of $0.40 (up 14.3% year-over-year) and revenue of $376.66 million (up 15.4%). Full-year estimates call for $1.60 EPS and $1.49 billion revenue, while forward P/E of 16.65 and PEG of 1.39 compare favorably to industry averages of 20.43 and 1.6 respectively.