Archrock Q2 2024 GAAP EPS $0.22 Misses $0.25 Estimate, Sales $270.526M Miss $270.604M Estimate
Portfolio Pulse from Benzinga Newsdesk
Archrock (NYSE:AROC) reported Q2 2024 earnings of $0.22 per share, missing the analyst estimate of $0.25 by 12%. Sales were $270.526M, slightly below the $270.604M estimate. Despite the misses, earnings and sales increased year-over-year by 37.5% and 9.28%, respectively.
July 30, 2024 | 9:52 pm
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NEGATIVE IMPACT
Archrock's Q2 2024 earnings of $0.22 per share missed the analyst estimate of $0.25 by 12%. Sales were $270.526M, slightly below the $270.604M estimate. Despite the misses, earnings and sales increased year-over-year by 37.5% and 9.28%, respectively.
The earnings miss by 12% and the slight miss in sales estimates are likely to have a negative short-term impact on Archrock's stock price. However, the year-over-year increases in both earnings and sales may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100