Array Technologies, Inc. (ARRY) Stock Dips While Market Gains: Key Facts

Company Performance - Array Technologies, Inc. closed at $9.03, down 6.71% from the previous trading session, underperforming the S&P 500 which gained 0.64% [1] - The company's shares increased by 22.22% over the past month, outperforming the Oils-Energy sector's gain of 1.8% and the S&P 500's gain of 0.55% [1] Earnings Report Expectations - Array Technologies, Inc. is projected to report earnings of $0 per share, indicating a year-over-year decline of 100% [2] - The consensus estimate anticipates revenue of $210.84 million, reflecting a 23.4% decrease from the same quarter last year [2] Fiscal Year Projections - For the entire fiscal year, earnings are projected at $0.67 per share, with revenue expected to be $1.27 billion, showing changes of +11.67% and 0% respectively from the prior year [3] - Recent changes to analyst estimates indicate evolving short-term business trends, with positive revisions reflecting analyst optimism [3] Valuation Metrics - Array Technologies, Inc. has a Forward P/E ratio of 10.01, which is a discount compared to the industry average Forward P/E of 16.47 [6] - The company has a PEG ratio of 0.53, lower than the average PEG ratio of 0.61 for the Solar industry [6] Industry Context - The Solar industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 45, placing it in the top 19% of over 250 industries [7] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]