Archrock, Inc. (NYSE:AROC) is reporting third quarter financial results on Tuesday 3rd November 2020, before market open.
According to analysts surveyed by Thomson Reuters, AROC is expected to report 3Q20 income of $ 0.10 per share from revenue of $ 209.53 million.
For the full year, analysts anticipate top line of $ 896.15 million, while looking forward to loss of $ 0.43 per share bottom line.
Previous Quarter Performance
Archrock, Inc. communicated income for the second quarter of $ 0.28 per share, from the revenue of $ 220.32 million. The quarterly earnings improved 40.00 percent while revenues fell 11.64 percent compared with the same quarter last year.
According to street consensus, AROC was expected to report 2Q20 income of $ 0.12 per share from revenue of $ 236.82 million. The bottom line results beat street analysts by $ 0.16 or 133.33 percent, at the same time, top line results fell short of analysts by $ 16.5 million or 6.97 percent.
Stock Performance
Shares of Archrock, Inc. traded up $ 0.37 or 6.24 percent on Monday, reaching $ 6.30 with volume of 1.36 million shares. Archrock, Inc. has traded high as $ 6.36 and has cracked $ 5.93 on the downward trend
The closing price of $ 6.30, representing a 183.73 % increase from the 52 week low of $ 2.09 and a 43.09 % decrease over the 52 week high of $ 10.42.
The company has a market capital of $ 963.58 million and is part of the Energy sector and Oil & Gas Equipment & Services industry.
Recent Stock Dividend Announcement
On July 29, 2020, the board of directors authorized quarterly dividend of $ 0.145 per share to holders of record as of the close of business on August 10, 2020, with payment date of August 14, 2020 and ex-dividend date on August 7, 2020.
Archrock, Inc. operates as a midstream energy infrastructure company in the United States. It operates in two segments, Contract Operations and Aftermarket Services.
