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


The EPS projection of Approach Resources Inc. (NASDAQ:AREX) for quarter ended 2016-06-30 is $-0.28. Last week, the EPS forecast was $-0.28 against target of $-0.28, a month earlier. Two months ago, this estimate was $-0.28 versus forecast of $-0.28 three months earlier, implying a deviation of 0%.

Approach Resources Inc. (NASDAQ:AREX) stated that 18 days ago, its stock price was positively revised 1 times while negative revisions were 4.

In last week, the experts lowered EPS 0 times and increased EPS 0 times. In last 30, 120, 60 and 90 days, the experts upped revisions 0 , 5, 3, and 2, correspondingly.

EPS estimate downgrade for Approach Resources Inc. (NASDAQ:AREX) in the preceding 30, 120, 60 and 90 days were 1, 0, 3, and 2, correspondingly.

Earnings Surprises

Approach Resources Inc. (NASDAQ:AREX) EPS target for the quarter closed 4 was $-0.28, based on 6 recommendations. As reported on 2016-03-03 the EPS was $-0.12. The change was $0.05, implying a percentage deviation of 29.41%. The projections showed a standard deviation of 0.02.

Quarterly Sales Estimates

Approach Resources Inc. (NASDAQ:AREX) yearly sales prediction for the fiscal 2017 stands at $26.836 and the median estimate is at $27.15. Almost 4 analysts issued sales target.

Highest sales target is $28.545 while the lowest target is $24.5 showing standard deviation of 1.771%.

As many as 4 analysts have sales targets revised upside while 4 reduced sales estimates, implying a deviation of 0%.

Last month, 4 revised sales number projection on upside while 4 lowered the sales projections, implying a deviation of 3.87%.

A quarter ago, 4 hiked sales target and 4 reduced sales forecast. Approach Resources Inc. (NASDAQ:AREX) announced that the deviation in forecast was -0.732%.

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