Array Technologies, Inc. (ARRY) ended the recent trading session at $6.37, demonstrating a +1.43% change from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.38%. On the other hand, the Dow registered a gain of 0.29%, and the technology-centric Nasdaq increased by 0.62%.
The company's shares have seen a decrease of 20.1% over the last month, not keeping up with the Oils-Energy sector's loss of 1.03% and the S&P 500's gain of 1.61%.
The investment community will be paying close attention to the earnings performance of Array Technologies, Inc. in its upcoming release. The company is slated to reveal its earnings on August 5, 2026. It is anticipated that the company will report an EPS of $0.11, marking a 56% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $323.84 million, reflecting a 10.6% fall from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.73 per share and a revenue of $1.45 billion, signifying shifts of +8.96% and +13.02%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Array Technologies, Inc. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.1% higher. Currently, Array Technologies, Inc. is carrying a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Array Technologies, Inc. currently has a Forward P/E ratio of 8.62. This indicates a discount in contrast to its industry's Forward P/E of 21.44.
It's also important to note that ARRY currently trades at a PEG ratio of 0.74. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Solar industry had an average PEG ratio of 0.93 as trading concluded yesterday.
The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 59, putting it in the top 24% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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 Report
This article originally published on Zacks Investment Research (zacks.com).