Array Technologies Posts 16.1% Monthly Gain, Forecasts Zero Q4 EPS on $210M Sales
Array Technologies closed at $11.29, up 1.16%, and recorded a 16.1% monthly gain versus the Oils-Energy sector’s 11.7%. Q4 EPS is projected at $0 (–100% YoY) on $210M revenue (–23.7% YoY), while full-year estimates target $0.67 EPS (+11.7%) on $1.27B revenue (+38.5%) at an 11.9× forward P/E.
1. Trading Session Performance
Array Technologies shares closed at $11.29, up 1.16% from the prior session, outpacing the S&P 500’s 0.1% gain as well as the Dow’s 0.07% and Nasdaq’s 0.14% advances.
2. Monthly Outperformance
Over the past month, the stock has risen 16.13%, surpassing the Oils-Energy sector’s 11.68% gain and the S&P 500’s 1.43% decline during the same period.
3. Upcoming Earnings Estimates
Analysts project Q4 EPS of $0, marking a 100% YoY drop, on $210.01 million revenue (–23.7% YoY). Full-year estimates call for $0.67 EPS (+11.7%) on $1.27 billion revenue (+38.5%).
4. Valuation and Analyst Revisions
The company trades at an 11.91× forward P/E, below the industry average of 19.3×, with a PEG ratio of 0.61 versus peers’ 0.7. Consensus EPS estimates have fallen 3.85% over the past 30 days, supporting a hold rating.