Array Technologies Inc (ARRY, Financial) is set to release its Q3 2024 earnings on Nov 7, 2024. The consensus estimate for Q3 2024 revenue is $232.61 million, and the earnings are expected to come in at $0.03 per share. The full year 2024's revenue is expected to be $949.7 million, and the earnings are expected to be $0.17 per share. More detailed estimate data can be found on the Forecast page.
Array Technologies Inc (ARRY, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Array Technologies Inc (ARRY) have declined from $1.30 billion to $949.7 million for the full year 2024, and from $1.58 billion to $1.22 billion for 2025. During the same period, earnings estimates have decreased from $0.61 per share to $0.17 per share for the full year 2024, and from $0.99 per share to $0.53 per share for 2025.
Array Technologies Inc (ARRY, Financial) Reported History
In the previous quarter of June 30, 2024, Array Technologies Inc's (ARRY) actual revenue was $255.77 million, which beat analysts' revenue expectations of $231.62 million by 10.43%. Array Technologies Inc's (ARRY) actual earnings were $0.08 per share, which beat analysts' earnings expectations of $0.009 per share by 788.89%. After releasing the results, Array Technologies Inc (ARRY) was down by -21.02% in one day.
Array Technologies Inc (ARRY, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 25 analysts, the average target price for Array Technologies Inc (ARRY) is $12.24 with a high estimate of $22 and a low estimate of $7. The average target implies an upside of 60.84% from the current price of $7.61.
Based on GuruFocus estimates, the estimated GF Value for Array Technologies Inc (ARRY, Financial) in one year is $14.32, suggesting an upside of 88.17% from the current price of $7.61.
Based on the consensus recommendation from 26 brokerage firms, Array Technologies Inc's (ARRY, Financial) average brokerage recommendation is currently 2.1, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
