Array Technologies, Inc. (ARRY) Stock Slides as Market Rises: Facts to Know Before You Trade

Core Viewpoint - Array Technologies, Inc. is experiencing a decline in stock price and is set to report earnings that show significant year-over-year growth in both EPS and revenue [1][2]. Company Performance - The stock closed at $5.69, reflecting a -0.18% change from the previous day, underperforming the S&P 500 which gained 0.08% [1]. - Over the past month, shares have decreased by 17.39%, while the Oils-Energy sector and S&P 500 have lost 1.36% and 7.33%, respectively [1]. Upcoming Earnings - The company is expected to report an EPS of$ 0.08, representing a 33.33% increase from the same quarter last year [2]. - Quarterly revenue is forecasted at $262.86 million, which is a 71.36% increase compared to the previous year [2]. Full Year Estimates - For the full year, analysts predict earnings of$ 0.62 per share and revenue of $1.09 billion, indicating changes of +3.33% and +19.17% from last year [3]. Analyst Sentiment - Recent modifications to analyst estimates indicate short-term business trends, with positive changes reflecting optimism about the company's profitability [4]. - The Zacks Rank system, which assesses these estimate changes, currently ranks Array Technologies, Inc. as 3 (Hold) [6]. Valuation Metrics - The company has a Forward P/E ratio of 9.25, which is lower than the industry average of 10.67 [7]. - The PEG ratio stands at 1.17, compared to the Solar industry's average PEG ratio of 0.54 [7]. Industry Context - The Solar industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 82, placing it in the top 33% of over 250 industries [8].