In the latest close session, Array Technologies, Inc. (ARRY) was up +2.15% at $3.33. This change outpaced the S&P 500's 0.28% gain on the day. On the other hand, the Dow registered a gain of 1.02%, and the technology-centric Nasdaq decreased by 0.02%.
Shares of the company witnessed a loss of 19.9% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 6.18%, and the S&P 500's gain of 0.67%.
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 November 5, 2026. The company's earnings per share (EPS) are projected to be $0.1, reflecting a 66.67% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $321.44 million, showing a 18.31% drop compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.71 per share and revenue of $1.43 billion, indicating changes of +5.97% and +10.99%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Array Technologies, Inc. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.53% decrease. As of now, Array Technologies, Inc. holds a Zacks Rank of #3 (Hold).
In terms of valuation, Array Technologies, Inc. is currently trading at a Forward P/E ratio of 4.57. This represents a discount compared to its industry average Forward P/E of 12.95.
It is also worth noting that ARRY currently has a PEG ratio of 0.65. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Solar industry held an average PEG ratio of 0.7.
The Solar industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 214, this industry ranks in the bottom 14% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Array Technologies, Inc. (ARRY): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).