Quarterly EPS Estimate For Approach Resources Inc. (NASDAQ:AREX) Cited At $-0.21


The average EPS estimate for Approach Resources Inc. (NASDAQ:AREX) for the three months ending 2016-12-31 is given as $-0.21.

You find that 7 days ago, the average EPS estimate on the stock was $-0.21, while for the 30 days ago the average EPS estimate stood at $-0.21.

If you look back further, you see that the average EPS estimate for Approach Resources Inc. (NASDAQ:AREX) 60 days ago was given as -0.21, while EPS estimate 90 days ago was quoted at $-0.21.

The change in the stock’s EPS estimate over the last 7 days works out to 0%.

EPS estimate revisions

Over the last 7 days, EPS estimates for Approach Resources Inc. (NASDAQ:AREX) have been revised up 0 times. In the same period, the EPS estimate has been revised down 0 times.

In the last 30 days, the stock has had its EPS estimate revised up 2 and it has been revised up 3 times over the last 60 days.

Up revisions in the last 90 days are 2 and up revisions in the last 120 days are 3.

But for the last 18 days, the company has seen its EPS revised up 3 times, offset by 1 down revisions in the same period.

The down revisions of EPS in last 30, 60, 90 and 120 days were 0, 0, 0 and 1.

What About EPS Surprises

Analysts predicted EPS of $-0.21 for Approach Resources Inc. (NASDAQ:AREX) for the period ended 2. But the company ended up posting actual EPS of $-0.25 on 2016-08-03. The EPS estimate cited was worked out based on 6 estimates that analysts had issued on the stock.

Therefore, Approach Resources Inc. (NASDAQ:AREX) posted EPS surprise of $0.02 per share in dollar terms, which works out to 7.41%. The standard deviation of the actual EPS reported by the company and the average EPS estimate immediately before the earnings were released works out to $0.03.

Quarterly Sales Estimates

For the fiscal year 2017, the mean and median annual sales estimates for the company are given as $26.916 and $26.5. The estimates are based on the projections of 3 analysts.

So far, the highest annual sales estimate for Approach Resources Inc. (NASDAQ:AREX) stands at$28.85. That compares with the lowest annual sales estimate of $25.4. Calculating the standard deviation of the extreme annual sales estimates leads you to 1.762%.

Annual sales estimate adjustments

In the last 7 days, 3 analysts have raised their annual sales estimates for the company. But over the same period, 3 analysts have trimmed their annual sales estimates.

With that, you find that the percentage change in mean annual sales estimate in the last 7 days works out to 0%.

Over the last one month, though, 3 analysts moved to raise their sales estimates for Approach Resources Inc. (NASDAQ:AREX). That compares with 3 analysts who cut their sales estimate for the company in the same period. That leads you to 0.014% as the mean sales estimate change over the last one month.

If you look back further, you see that over the last three months, 3 analysts have moved raise their sales estimates Approach Resources Inc. (NASDAQ:AREX). That offset by 3 analysts who in the same period lowered their sales estimates for the stock. That works out to percentage change in mean sales estimate of 3.075% over a period of three months.

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