Archrock(US:AROC) ZACKSยท2024-07-31 00:00Company Performance - Archrock Inc. reported quarterly earnings of $0.25 per share, exceeding the Zacks Consensus Estimate of $0.24 per share, and up from $0.18 per share a year ago, representing an earnings surprise of 4.17% [1] - The company posted revenues of $270.53 million for the quarter ended June 2024, slightly missing the Zacks Consensus Estimate by 0.03%, but up from $247.54 million year-over-year [1] - Over the last four quarters, Archrock has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [1] Stock Performance - Archrock Inc. shares have increased approximately 40.5% since the beginning of the year, significantly outperforming the S&P 500's gain of 14.5% [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.27 on revenues of $274.63 million, and for the current fiscal year, it is $1.05 on revenues of $1.09 billion [4] - The estimate revisions trend for Archrock Inc. is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [4] Industry Context - The Oil and Gas - Field Services industry, to which Archrock belongs, is currently ranked in the bottom 12% of over 250 Zacks industries, suggesting potential challenges ahead [5] - Another company in the same industry, Drilling Tools International Corp., is expected to report quarterly earnings of $0.15 per share, reflecting a year-over-year increase of 200% [5]