Array Technologies Inc expected to post a loss of 3 cents a share - Earnings Preview

Array Technologies

08/05/2024 03:25

* Array Technologies Inc  ARRY.OQ   ARRY.O  is expected
to show a
fall in quarterly revenue when it reports  results on May 9 for
the period ending March 31 2024
    * The Albuquerque New Mexico-based  company is expected to
report
a 62.8% decrease in revenue to $140.106 million from $376.77
million a year ago, according to the mean estimate from 22
analysts, based on LSEG data.The company's guidance on February
27 2024, for the period ended March 31, was for revenue between
$135.00 million and $145.00 million.
    * ​LSEG's mean analyst estimate for Array Technologies Inc
is for
a loss of 3 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 10
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Array
Technologies Inc is $18.00​, above​ its last closing price
of $13.39. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.12        0.11       0.21      Beat    86.8
 Sep. 30 2023  0.11        0.12       0.21      Beat    66.7
 Jun. 30 2023  0.18        0.18       0.47      Beat    161.3​
 Mar. 31 2023  0.04        0.03       0.25      Beat    635.3
 ​​Dec.        0.09        0.08       0.10      Beat    22
 31 2022                                                
 Sep. 30 2022  0.11        0.10       0.18      Beat    79.4​
 Jun. 30 2022  0.03        0.03       0.09      Beat    211.2
 Mar. 31 2022  -0.08       -0.06      -0.02     Beat    67.4
 This summary was machine generated May 8 at 02:25 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)