Array Technologies Inc expected to post earnings of 12  cents a share - Earnings Preview

Array Technologies

04/11/2023 03:02

* Array Technologies Inc  ARRY.OQ   ARRY.O  is expected
to show a
fall in quarterly revenue when it reports  results 
    * The Albuquerque New Mexico-based  company is expected to
report 
a 27.3% decrease in revenue to $374.568 million from $515.02
million a year ago, according to the mean estimate from 19
analysts, based on LSEG data. 
    * ​Refinitiv's mean analyst estimate for Array Technologies
Inc is
for earnings of 12 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 18 "strong buy" or "buy," 5
"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 $30.5​, above​ its last closing price
of $18.13. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  0.11        0.10       0.18      Beat    79.4
 ​​Jun.        0.03        0.03       0.09      Beat    211.2
 30 2022                                                
 Mar. 31 2022  -0.08       -0.06      -0.02     Beat    67.4​
 Dec. 31 2021  -0.06       -0.03      -0.06     Missed  -100
 Sep. 30 2021  -0.05       -0.05      -0.07     Missed  -31
 This summary was machine generated November 4 at 03:02 GMT.  All
figures in US dollars  unless otherwise stated