Recap: Archrock Q4 Earnings
Portfolio Pulse from Benzinga Insights
Archrock (NYSE:AROC) reported its Q4 earnings on February 20, 2024, with an EPS of $0.21, matching estimates. Revenue increased by $40.72 million year-over-year. The company had previously beaten EPS estimates in Q3 2023, leading to a 4.55% share price increase the following day.
February 20, 2024 | 9:45 pm
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Archrock reported Q4 earnings with an EPS of $0.21, in line with estimates, and a significant year-over-year revenue increase.
Given Archrock's history of stock price increase following an earnings beat in Q3 2023, the in-line Q4 earnings and significant revenue growth could positively influence investor sentiment and potentially lead to a short-term stock price increase.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100