Array Technologies, Inc. (ARRY) Q4 Earnings Miss Estimates

Core Insights - Array Technologies, Inc. reported quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of$0.17 per share, and down from $0.21 per share a year ago, representing an earnings surprise of -5.88$275.23 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 3.15%, but down from 341.62 million year-over-year [2] - Array Technologies has outperformed the S&P 500, gaining approximately 13.6% since the beginning of the year compared to the S&P 500's gain of 1.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is 0.08 on revenues of $210.05 million, and for the current fiscal year, it is$0.77 on revenues of $1.12 billion [7] - The estimate revisions trend for Array Technologies is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Solar industry, to which Array Technologies belongs, is currently ranked in the top 20$0.83 per share, reflecting a year-over-year change of -3.8%, with revenues projected to decline by 50.3% from the previous year [9]