Approach Resources Inc. (NASDAQ:AREX) Yearly Sales Target At $26.836


The EPS projection of Approach Resources Inc. (NASDAQ:AREX) for quarter ended 2016-06-30 is $-0.28. A week before, the EPS forecast was $-0.28 against target of $-0.28, a month earlier. This estimate stood at $-0.28 60 days earlier versus forecast of $-0.28 90 days earlier, confirming a deviation of 0%.

Approach Resources Inc. (NASDAQ:AREX) reported that 18 days ago, the positive EPS revisions were 0 and negative revisions at 4.

In last week, the per-share earnings was lowered 0 times and 0 times positively. In last 120, 60, 30 and 90 days the positive revisions were 5, 3, 2 and 2, respectively.

The downgrade of EPS estimates for Approach Resources Inc. (NASDAQ:AREX) in the preceding 120, 60, 30 and 90 days were 0, 2, 1 and 2, in that order.

Earnings Surprises

As per the latest update, for the quarter closed 4, the EPS estimate of Approach Resources Inc. (NASDAQ:AREX) was $-0.28. This projection was computed after accounting 6 calls. As reported on 2016-03-03 the EPS was $-0.12. The change was $0.05, demonstrating a percentage deviation of 29.41%. The projections confirmed a standard deviation of 0.02.

Quarterly Sales Estimates

For the fiscal 2017, the yearly sales target for Approach Resources Inc. (NASDAQ:AREX) stands at $26.836 and the median estimate at $27.15. Almost 4 analysts announced their estimates.

The highest estimate is $28.545 while the lowest target is $24.5 showing standard deviation of 1.771%.

As many as 4 analysts released sales estimates reised in upside while 4 reduced sales estimates, demonstrating a deviation of 0%.

In last month, 4 revised sales number projection on upside while 4 lowered the sales target, demonstrating a deviation of -1.16%.

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

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