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Array Technologies, Inc. (ARRY) Stock Slides as Market Rises: Facts to Know Before You Trade
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In the latest trading session, Array Technologies, Inc. (ARRY - Free Report) closed at $7.97, marking a -1.73% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.12%. At the same time, the Dow lost 0.13%, and the tech-heavy Nasdaq gained 0.2%.
Coming into today, shares of the company had gained 10.64% in the past month. In that same time, the Oils-Energy sector lost 2.71%, while the S&P 500 gained 9.3%.
The investment community will be paying close attention to the earnings performance of Array Technologies, Inc. in its upcoming release. The company is slated to reveal its earnings on May 6, 2026. The company is expected to report EPS of -$0.06, down 146.15% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $199.61 million, indicating a 33.98% downward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.69 per share and a revenue of $1.46 billion, signifying shifts of +2.99% and +14.03%, respectively, from the last year.
Any recent changes to analyst estimates for Array Technologies, Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.86% decrease. Array Technologies, Inc. currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Array Technologies, Inc. currently has a Forward P/E ratio of 11.75. For comparison, its industry has an average Forward P/E of 17.65, which means Array Technologies, Inc. is trading at a discount to the group.
We can additionally observe that ARRY currently boasts a PEG ratio of 1.01. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Solar stocks are, on average, holding a PEG ratio of 0.91 based on yesterday's closing prices.
The Solar industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 207, positioning it in the bottom 16% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Array Technologies, Inc. (ARRY) Stock Slides as Market Rises: Facts to Know Before You Trade
In the latest trading session, Array Technologies, Inc. (ARRY - Free Report) closed at $7.97, marking a -1.73% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.12%. At the same time, the Dow lost 0.13%, and the tech-heavy Nasdaq gained 0.2%.
Coming into today, shares of the company had gained 10.64% in the past month. In that same time, the Oils-Energy sector lost 2.71%, while the S&P 500 gained 9.3%.
The investment community will be paying close attention to the earnings performance of Array Technologies, Inc. in its upcoming release. The company is slated to reveal its earnings on May 6, 2026. The company is expected to report EPS of -$0.06, down 146.15% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $199.61 million, indicating a 33.98% downward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.69 per share and a revenue of $1.46 billion, signifying shifts of +2.99% and +14.03%, respectively, from the last year.
Any recent changes to analyst estimates for Array Technologies, Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.86% decrease. Array Technologies, Inc. currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Array Technologies, Inc. currently has a Forward P/E ratio of 11.75. For comparison, its industry has an average Forward P/E of 17.65, which means Array Technologies, Inc. is trading at a discount to the group.
We can additionally observe that ARRY currently boasts a PEG ratio of 1.01. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Solar stocks are, on average, holding a PEG ratio of 0.91 based on yesterday's closing prices.
The Solar industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 207, positioning it in the bottom 16% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.