Array Technologies Inc expected to post earnings of 11 cents a share - Earnings Preview

Array Technologies

24/02/2024 01:41

* Array Technologies Inc  ARRY.OQ   ARRY.O  is expected
to show a
fall in quarterly revenue when it reports  results on February
27 for the period ending December 31 2023
    * The Albuquerque New Mexico-based  company is expected to
report
a 21.7% decrease in revenue to $314.857 million from $402.07
million a year ago, according to the mean estimate from 22
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Array Technologies Inc
is for
earnings of 11 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 15 "strong buy" or "buy," 10
"hold" and no "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 $23.50​, above​ its last closing price
of $13.40. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  0.09        0.08       0.10      Beat    22
 ​​Sep.        0.11        0.10       0.18      Beat    79.4
 30 2022                                                
 Jun. 30 2022  0.03        0.03       0.09      Beat    211.2​
 Mar. 31 2022  -0.08       -0.06      -0.02     Beat    67.4
 Dec. 31 2021  -0.06       -0.03      -0.06     Missed  -100
 This summary was machine generated February 24 at 01:41 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)