Approach Resources Inc. (NASDAQ:AREX) Median Sales Estimate At $27.15


The EPS projection of Approach Resources Inc. (NASDAQ:AREX) for quarter ended 2016-09-30 is $-0.26. Last week, the projection for EPS was $-0.26 against target of $-0.26, a month earlier. While 2-months ago, this projection was $-0.26 versus forecast of $-0.26a quarter months earlier, posting a deviation of 0%.

Approach Resources Inc. (NASDAQ:AREX) posted that 18 days earlier, the share price was revised 1 times on upside. In addition, negative revisions were 3.

In last week, negative EPS revisions were 0 times and positive EPS revisions were 0 times. In last one-month and two month the positive revisions were 0 and 2. While in last 120 and 90 days, positive revisions were 1, and 2, correspondingly.

The per-share earnings downgrade for Approach Resources Inc. (NASDAQ:AREX) in the preceding 30 and 120 were 0 and 3. While in 60 and 90 days were 2, and 3, in that order.

Earnings Surprises

Approach Resources Inc. (NASDAQ:AREX) EPS target was $-0.26 for the quarter closed 4. It was based on 6 calls. As on 2016-03-03 the EPS was $-0.12. The change was $0.05, posting a deviation of 29.41%. The price projections gave a standard deviation of 0.02.

Quarterly Sales Estimates

Approach Resources Inc. (NASDAQ:AREX) sales prediction for the fiscal 2017 stands at $26.912 and the median estimate is at $27.15. Almost 4 analysts gave sales target.

Among this, the highest sales estimate is $28.85 while the lowest target is $24.5 showing standard deviation of 1.873%.

As many as 4 analysts have positive sales targets revision while 4 reduced sales estimates, posting a deviation of 0.283%.

Last month, 4 experts have positive sales number revision. Also, 4 research groups lowered the sales projections, posting a deviation of 0.283%.

A quarter ago, 4 hiked sales target and 4 reduced sales forecast, posting a deviation of -0.847%.

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