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Why Archrock Inc. (AROC) is Poised to Beat Earnings Estimates Again
ArchrockArchrock(US:AROC) ZACKSยท2024-10-07 17:15

Group 1 - Archrock Inc. has a strong history of beating earnings estimates, particularly in the last two quarters with an average surprise of 11.17% [1] - For the last reported quarter, Archrock Inc. achieved earnings of $0.25 per share, exceeding the Zacks Consensus Estimate of $0.24 per share by 4.17% [1] - The previous quarter also saw Archrock Inc. outperform expectations, posting earnings of $0.26 per share against an estimate of $0.22 per share, resulting in an 18.18% surprise [1] Group 2 - Recent changes in earnings estimates for Archrock Inc. have been favorable, with a positive Zacks Earnings ESP indicating potential for another earnings beat [2] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [2] Group 3 - Archrock Inc. currently has an Earnings ESP of +1.79%, suggesting analysts have recently become more optimistic about the company's earnings prospects [3] - The combination of a positive Earnings ESP and a Zacks Rank of 1 (Strong Buy) indicates a high likelihood of another earnings beat [3] Group 4 - It is important to check a company's Earnings ESP ahead of its quarterly release to improve the chances of success in predicting earnings outcomes [4]