Array Technologies, Inc. (ARRY) Registers a Bigger Fall Than the Market: Important Facts to Note

Company Performance - Array Technologies, Inc. (ARRY) experienced a decline of 6.7% to $9.33, underperforming the S&P 500's loss of 0.53% on the same day [1] - Over the past month, ARRY shares increased by 17.51%, outperforming the Oils-Energy sector's gain of 1.82% and the S&P 500's gain of 2.06% [1] Earnings Forecast - The upcoming earnings report for Array Technologies is expected to show an EPS of $0, reflecting a 100% decrease from the same quarter last year [2] - Revenue is forecasted at $210.84 million, indicating a 23.4% decline compared to the previous year [2] Full-Year Estimates - Zacks Consensus Estimates project earnings of $0.67 per share and revenue of $1.27 billion for the full year, representing year-over-year changes of +11.67% for earnings and 0% for revenue [3] - Changes in analyst estimates are crucial as they indicate the evolving business trends, with positive revisions suggesting analyst optimism [3][4] Zacks Rank and Valuation - Array Technologies holds a Zacks Rank of 1 (Strong Buy), with the Zacks Consensus EPS estimate increasing by 2.29% over the last 30 days [5] - The company is trading at a Forward P/E ratio of 10.34, which is a discount compared to the industry average of 21.38 [6] - The PEG ratio for ARRY is currently 0.55, compared to the Solar industry's average PEG ratio of 0.67 [6] Industry Context - The Solar industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 24, placing it in the top 10% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]