Array Technologies Inc reports results for the quarter ended March 31 - Earnings Summary

Array Technologies

06/05/2025 14:33

Array Technologies Inc ARRY.OQ reported quarterly adjusted earnings of 13 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 6 cents.  The mean expectation of twenty four analysts for the quarter was for earnings of 9 cents per share. Wall Street expected results to range from 6 cents to 19 cents per share.

Revenue rose 97.1% to $302.36 million from a year ago; analysts expected $264.43 million.

Array Technologies Inc's reported EPS for the quarter was 2 cents​.

The company reported quarterly net income of $2.3 million.

Array Technologies Inc shares had risen by 1.2% this quarter and lost 18.4% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 8.1% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 13 "hold" and no "sell" or "strong sell." The average consensus recommendation for the renewable energy equipment & services peer group is also "buy"

Wall Street's median 12-month price target for Array Technologies Inc is $7.25

This summary was machine generated from LSEG data May 6 at 01:32 p.m. UTC. ​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)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Mar. 31 2025
0.09
0.13
Beat
Dec. 31 2024
0.17
0.16
Missed
Sep. 30 2024
0.14
0.17
Beat
Jun. 30 2024
0.11
0.20
Beat