Archrock Inc. (AROC) Surpasses Q1 Earnings and Revenue Estimates

Company Performance - Archrock Inc. reported quarterly earnings of $0.26 per share, exceeding the Zacks Consensus Estimate of $0.22 per share, and showing an increase from $0.10 per share a year ago, representing an earnings surprise of 18.18% [1] - The company posted revenues of $268.49 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 3.06%, compared to revenues of $229.83 million in the same quarter last year [1] - Over the last four quarters, Archrock has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [1] Stock Performance - Archrock Inc. shares have increased approximately 30.7% since the beginning of the year, significantly outperforming the S&P 500's gain of 7.3% [2] - The current consensus EPS estimate for the upcoming quarter is $0.24 on revenues of $268.43 million, and for the current fiscal year, it is $0.99 on revenues of $1.08 billion [4] Industry Outlook - The Oil and Gas - Field Services industry, to which Archrock belongs, is currently ranked in the bottom 33% of over 250 Zacks industries, indicating potential challenges ahead [5] - Another company in the same industry, Newpark Resources, is expected to report a quarterly earnings decline of 44.4%, with revenues projected to be $170.69 million, down 14.7% from the previous year [5][6]