Archrock(AROC)

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2 Highly Ranked Stocks to Buy After Earnings: AROC, MNDY
ZACKS· 2024-11-13 20:41
Group 1: Archrock (AROC) - Archrock reported Q3 earnings of $0.28 per share, an increase from $0.20 in the prior-year quarter, with sales of $292.16 million, up 15% year over year [2] - The stock has increased over 50% year to date, trading under $25 with a forward earnings multiple of 22.1X [3] - Annual earnings are projected to grow by 59% this year and an additional 37% in FY25, reaching $1.50 per share, with total sales expected to exceed $1 billion in FY24 and FY25 [3] Group 2: Monday.com (MNDY) - Monday.com achieved Q3 EPS of $0.85, surpassing the Zacks Consensus of $0.61 by 39%, with sales of $251 million, a 32% increase from $189.19 million a year ago [5] - The company is experiencing high double-digit top line growth expectations for FY24 and FY25, contributing to increased profitability [6] - MNDY has gained over 40% in 2024 and over 150% in the last two years, with a 50% increase since its IPO in June 2021 [8]
Archrock(AROC) - 2024 Q3 - Quarterly Report
2024-11-12 20:04
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-33666 Archrock, Inc. (Exact name of registrant as specified in its charter) Delaware 74-3204509 (State or oth ...
Archrock(AROC) - 2024 Q3 - Earnings Call Transcript
2024-11-12 16:35
Archrock, Inc. (NYSE:AROC) Q3 2024 Earnings Conference Call November 12, 2024 9:00 AM ET Company Participants Megan Repine - VP of IR Bradley Childers - President and CEO Douglas Aron - CFO Conference Call Participants James Rollyson - Raymond James Selman Akyol - Stifel Doug Irwin - Citi Gabriel Moreen - Mizuho Securities Steve Ferazani - Sidoti Blake McLean - Daniel Energy Partners Operator Good morning. Welcome to the Archrock's Third Quarter 2024 Conference Call. Your host for today's call is Megan Repi ...
Archrock, Inc. (AROC) Q3 2024 Earnings Conference Call Transcript
Seeking Alpha· 2024-11-12 16:35
Archrock, Inc. (NYSE:AROC) Q3 2024 Earnings Conference Call November 12, 2024 9:00 AM ET Company Participants Megan Repine - VP of IR Bradley Childers - President and CEO Douglas Aron - CFO Conference Call Participants James Rollyson - Raymond James Selman Akyol - Stifel Doug Irwin - Citi Gabriel Moreen - Mizuho Securities Steve Ferazani - Sidoti Blake McLean - Daniel Energy Partners Operator Good morning. Welcome to the Archrock's Third Quarter 2024 Conference Call. Your host for today's call is Megan Repi ...
Archrock(AROC) - 2024 Q3 - Quarterly Results
2024-11-12 11:07
Archrock Reports Third Quarter 2024 Results and Raises Full Year 2024 Financial Guidance HOUSTON, November 11, 2024 - Archrock, Inc. (NYSE: AROC) ("Archrock") today reported results for the third quarter 2024. Third Quarter 2024 Highlights ● Revenue for the third quarter of 2024 was $292.2 million compared to $253.4 million in the third quarter of 2023. ● Net income for the third quarter of 2024 was $37.5 million and earnings per share ("EPS") was $0.22, compared to $30.9 million and $0.20, respectively, in ...
Archrock Inc. (AROC) Q3 Earnings Meet Estimates
ZACKS· 2024-11-12 00:11
Core Insights - Archrock Inc. reported quarterly earnings of $0.28 per share, matching the Zacks Consensus Estimate, and showing an increase from $0.20 per share a year ago [1] - The company posted revenues of $292.16 million for the quarter ended September 2024, which was a 15.3% increase from $253.37 million year-over-year, but missed the Zacks Consensus Estimate by 0.27% [2] - Archrock's shares have increased by approximately 46.9% year-to-date, outperforming the S&P 500's gain of 25.7% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.33, with expected revenues of $322.93 million, and for the current fiscal year, the EPS estimate is $1.10 on revenues of $1.15 billion [7] - The trend of estimate revisions for Archrock Inc. is favorable, contributing to a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Oil and Gas - Field Services industry, to which Archrock belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, suggesting potential challenges ahead [8]
Archrock Reports Third Quarter 2024 Results and Raises Full Year 2024 Financial Guidance
GlobeNewswire News Room· 2024-11-11 21:59
HOUSTON, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock”) today reported results for the third quarter 2024. Third Quarter 2024 Highlights Revenue for the third quarter of 2024 was $292.2 million compared to $253.4 million in the third quarter of 2023.Net income for the third quarter of 2024 was $37.5 million and earnings per share (“EPS”) was $0.22, compared to $30.9 million and $0.20, respectively, in the third quarter of 2023.Adjusted net income (a non-GAAP measure defined below ...
Archrock Publishes its 2023 Annual Sustainability Report
GlobeNewswire News Room· 2024-11-08 13:15
HOUSTON, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) (“Archrock” or the “Company”) today announced the publication of its 2023 Sustainability Report, providing an update on the Company’s sustainability initiatives and performance. The report is based on 2023 data and also includes certain achievements made year-to-date in 2024, underscoring the Company’s culture of continuous improvement. 2023 Sustainability Report Highlights Exceeded safety targets for Total Recordable Incident Rate and P ...
Strength Seen in Archrock Inc. (AROC): Can Its 11.2% Jump Turn into More Strength?
ZACKS· 2024-11-07 15:20
Archrock Inc. (AROC) shares ended the last trading session 11.2% higher at $22.84. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.1% loss over the past four weeks.The surge can be attributed to the increased demand for Archrock’s natural gas compression services, which play an essential role in natural gas transportation. Natural gas prices have recently rebounded after hitting multi-year lows at the start of 20 ...
Archrock Announces Timing for Third Quarter 2024 Results
GlobeNewswire News Room· 2024-10-30 20:05
HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") will host a conference call on Tuesday, November 12, 2024, to discuss its third quarter 2024 financial and operating results. The call will begin at 9:00 a.m. Eastern Time. Archrock will release its third quarter 2024 earnings report prior to the conference call. To listen to the call via a live webcast, please visit Archrock's website at www.archrock.com. The call will also be available by dialing 1 (800) 715-9871 in the Uni ...