ARCHROCK ($NYSE:AROC) announced their second-quarter earnings for 2023 on June 30th, demonstrating a 14.7% surge in total revenue to 247.5 million USD and a 47.2% spike in net income to 24.6 million USD compared to the same period of the prior year.
On Tuesday, June 30th ARCHROCK reported its earnings for the second quarter of the fiscal year 2023. ARCHROCK’s stock opened at $11.5 and closed at $12.8, a 9.5% rise from its previous closing price of 11.7. This jump in stock price reflects the positive news of the company’s second quarter earnings. Altogether, investors responded positively to ARCHROCK’s second quarter earnings report.
The stock price increased dramatically, showing that confidence in the company is growing. With the outlook for the next quarter looking promising, ARCHROCK shareholders are optimistic about the company’s future growth prospects. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Archrock. ARCHROCK_Reports_Q2_Earnings_for_FY_2023_on_June_30th”>More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Archrock. ARCHROCK_Reports_Q2_Earnings_for_FY_2023_on_June_30th”>More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Archrock. ARCHROCK_Reports_Q2_Earnings_for_FY_2023_on_June_30th”>More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
||Book Value Per Share
Key Ratios Snapshot
Some of the financial key ratios for Archrock are shown below. ARCHROCK_Reports_Q2_Earnings_for_FY_2023_on_June_30th”>More…
Income Statement Ratios
Balance Sheet Ratios
Cash Flow Ratios
Other Supplementary Items
|3Y Rev Growth
||3Y Operating Profit Growth
Analysis – Archrock Intrinsic Stock Value
At GoodWhale, we have conducted an extensive analysis of ARCHROCK’s financials and are pleased to present our findings. According to our proprietary Valuation Line, the intrinsic value of ARCHROCK’s share is estimated to be around $9.3. However, the current market value of a single share of ARCHROCK’s stock is $12.8. This suggests that the stock is currently overvalued by 37.2%, which presents a potential risk for investors. More…
Risk Rating Analysis
Star Chart Analysis
The company’s competitors include Exterran Corp, Global Strategic Group Ltd, and Pacific Energy & Mining Co.
Global Strategic Group Ltd is a publicly traded company with a market capitalization of 168.67 million as of 2022. The company has a negative return on equity of 21.31%. Global Strategic Group Ltd is engaged in the business of providing security and investigative services to clients in the private sector.
Investors reacted positively to ARCHROCK‘s earnings report for the second quarter of fiscal year 2023. Total revenue increased by 14.7%, while net income rose by a whopping 47.2%. As a result, stock prices for ARCHROCK rose on June 30th, suggesting that investors have faith in the company’s growth prospects. Investors should continue to monitor the company’s progress going forward and consider if the stock is a good fit for their portfolio.