Archrock Q4 2023 GAAP EPS $0.21, Inline, Sales $259.59M Beat $253.98M Estimate
Portfolio Pulse from Benzinga Newsdesk
Archrock (NYSE:AROC) reported Q4 2023 earnings of $0.21 per share, meeting analyst estimates and marking a 200% increase from the previous year. Sales reached $259.59M, exceeding estimates by 2.21% and showing an 18.61% increase year-over-year.
February 20, 2024 | 9:42 pm
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POSITIVE IMPACT
Archrock reported a significant year-over-year increase in both earnings per share and sales, meeting and exceeding analyst estimates respectively.
The positive earnings report, with a substantial year-over-year growth in earnings per share and sales exceeding analyst expectations, is likely to instill investor confidence and could lead to a short-term positive impact on Archrock's stock price. The alignment with estimates on earnings and the beat on sales forecasts highlight the company's strong performance and potential for growth, making it an attractive asset for investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100