Archrock Inc. (AROC) ended the recent trading session at $25.28, demonstrating a +0.68% swing from the preceding day's closing price. This change lagged the S&P 500's 1.12% gain on the day. Elsewhere, the Dow gained 1.14%, while the tech-heavy Nasdaq added 1.46%.

Shares of the natural gas compression services business have depreciated by 12.42% over the course of the past month, underperforming the Oils-Energy sector's loss of 5.86% and the S&P 500's loss of 4.13%.

Market participants will be closely following the financial results of Archrock Inc. in its upcoming release. The company is forecasted to report an EPS of $0.37, showcasing a 42.31% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $341.88 million, reflecting a 27.33% rise from the equivalent quarter last year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.54 per share and a revenue of $1.41 billion, indicating changes of +46.67% and +22.03%, respectively, from the former year.

It is also important to note the recent changes to analyst estimates for Archrock Inc. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 11.89% higher. Right now, Archrock Inc. possesses a Zacks Rank of #1 (Strong Buy).

With respect to valuation, Archrock Inc. is currently being traded at a Forward P/E ratio of 16.34. This denotes a premium relative to the industry's average Forward P/E of 13.27.

We can also see that AROC currently has a PEG ratio of 1.36. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Oil and Gas - Field Services was holding an average PEG ratio of 1.49 at yesterday's closing price.

The Oil and Gas - Field Services industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 147, positioning it in the bottom 42% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow AROC in the coming trading sessions, be sure to utilize Zacks.com.

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Archrock, Inc. (AROC) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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