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Array Technologies, Inc. (ARRY) Stock Drops Despite Market Gains: Important Facts to Note
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Array Technologies, Inc. (ARRY - Free Report) ended the recent trading session at $3.15, demonstrating a -1.25% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.7%. At the same time, the Dow added 0.28%, and the tech-heavy Nasdaq gained 0.83%.
Coming into today, shares of the company had lost 20.84% in the past month. In that same time, the Oils-Energy sector gained 5.63%, while the S&P 500 lost 1.21%.
Investors will be eagerly watching for the performance of Array Technologies, Inc. in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 5, 2026. In that report, analysts expect Array Technologies, Inc. to post earnings of $0.1 per share. This would mark a year-over-year decline of 66.67%. Simultaneously, our latest consensus estimate expects the revenue to be $322.21 million, showing a 18.12% drop compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.72 per share and a revenue of $1.43 billion, representing changes of +7.46% and +11.22%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Array Technologies, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.53% lower. Array Technologies, Inc. is currently a Zacks Rank #3 (Hold).
In terms of valuation, Array Technologies, Inc. is currently trading at a Forward P/E ratio of 4.45. This indicates a discount in contrast to its industry's Forward P/E of 13.12.
Also, we should mention that ARRY has a PEG ratio of 0.63. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. ARRY's industry had an average PEG ratio of 0.72 as of yesterday's close.
The Solar industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 216, positioning it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Array Technologies, Inc. (ARRY) Stock Drops Despite Market Gains: Important Facts to Note
Array Technologies, Inc. (ARRY - Free Report) ended the recent trading session at $3.15, demonstrating a -1.25% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.7%. At the same time, the Dow added 0.28%, and the tech-heavy Nasdaq gained 0.83%.
Coming into today, shares of the company had lost 20.84% in the past month. In that same time, the Oils-Energy sector gained 5.63%, while the S&P 500 lost 1.21%.
Investors will be eagerly watching for the performance of Array Technologies, Inc. in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 5, 2026. In that report, analysts expect Array Technologies, Inc. to post earnings of $0.1 per share. This would mark a year-over-year decline of 66.67%. Simultaneously, our latest consensus estimate expects the revenue to be $322.21 million, showing a 18.12% drop compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.72 per share and a revenue of $1.43 billion, representing changes of +7.46% and +11.22%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Array Technologies, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.53% lower. Array Technologies, Inc. is currently a Zacks Rank #3 (Hold).
In terms of valuation, Array Technologies, Inc. is currently trading at a Forward P/E ratio of 4.45. This indicates a discount in contrast to its industry's Forward P/E of 13.12.
Also, we should mention that ARRY has a PEG ratio of 0.63. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. ARRY's industry had an average PEG ratio of 0.72 as of yesterday's close.
The Solar industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 216, positioning it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.