Array Technologies, Inc. (ARRY) Q1 Earnings and Revenues Top Estimates

Core Viewpoint - Array Technologies, Inc. reported quarterly earnings of $0.13 per share, exceeding the Zacks Consensus Estimate of $0.09 per share, and showing an increase from $0.06 per share a year ago, indicating a 44.44% earnings surprise [1] Financial Performance - The company posted revenues of $302.36 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 14.92%, compared to $153.4 million in the same quarter last year [2] - Over the last four quarters, Array Technologies has exceeded consensus EPS estimates three times and topped consensus revenue estimates four times [2] Stock Performance - Array Technologies shares have declined approximately 18.4% since the beginning of the year, while the S&P 500 has decreased by 3.9% [3] - The current consensus EPS estimate for the upcoming quarter is $0.18 on revenues of $285.86 million, and for the current fiscal year, it is $0.61 on revenues of $1.09 billion [7] Industry Outlook - The solar industry, to which Array Technologies belongs, is currently ranked in the bottom 18% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Array Technologies may be influenced by the overall outlook of the solar industry, as research shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]