Array Technologies, Inc. closed down 4.41% at $3.90, lagging the S&P 500's 0.66% gain, the Dow's 0.18% rise and the Nasdaq's 1.05% advance. The company's shares have depreciated 11.3% over the past month, underperforming the Oils-Energy sector's 2.73% loss and the S&P 500's 0.55% gain. For its upcoming earnings disclosure, Array Technologies is projected to report earnings of $0.11 per share, a year-over-year decline of 63.33%, on revenue of $321.61 million, down 18.27% from the year-ago quarter. For the full year, the Zacks Consensus Estimates forecast earnings of $0.73 per share and revenue of $1.43 billion, changes of +8.96% and +11.65% respectively. Over the past month the Zacks Consensus EPS estimate has shifted 0.78% downward, and the stock currently holds a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 5.56 against an industry average of 13.37.
Array Technologies IncEarnings preview projects EPS down 63.33% YoY and revenue down 18.27%, with the consensus EPS estimate revised downward.
