Array Technologies, Inc. (ARRY) closed the most recent trading day at $6.95, moving -1.56% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.78%. At the same time, the Dow added 1.14%, and the tech-heavy Nasdaq gained 0.61%.
Coming into today, shares of the company had gained 10.83% in the past month. In that same time, the Oils-Energy sector lost 3.19%, while the S&P 500 gained 5.88%.
Analysts and investors alike will be keeping a close eye on the performance of Array Technologies, Inc. in its upcoming earnings disclosure. The company's earnings report is set to go public on August 7, 2025. The company is expected to report EPS of $0.21, up 5% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $290.31 million, indicating a 13.5% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.66 per share and a revenue of $1.11 billion, indicating changes of +10% and +21.26%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Array Technologies, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.67% higher within the past month. Array Technologies, Inc. presently features a Zacks Rank of #2 (Buy).
Investors should also note Array Technologies, Inc.'s current valuation metrics, including its Forward P/E ratio of 10.77. This valuation marks a discount compared to its industry average Forward P/E of 16.96.
We can also see that ARRY currently has a PEG ratio of 0.49. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. ARRY's industry had an average PEG ratio of 0.6 as of yesterday's close.
The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 93, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Array Technologies, Inc. (ARRY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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