* Array Technologies Inc reported quarterly adjusted earnings of 17 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 21 cents. The mean expectation of twenty three analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from 10 cents to 20 cents per share.
* Revenue fell 34% to $231.41 million from a year ago; analysts expected $232.61 million.
* Array Technologies Inc's reported EPS for the quarter was a loss of $1.02.
* The company reported a quarterly loss of $155.43 million.
* Array Technologies Inc shares had fallen by 6.1% this quarter and lost 63.1% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 31.8% in the last three months.
* In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell."
* The average consensus recommendation for the renewable energy equipment & services peer group is also "buy"
Wall Street's median 12-month price target for Array Technologies Inc is 10.50 This summary was machine generated from LSEG data November 8 at 09:46 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.14 0.17 Beat
Jun. 30 2024 0.11 0.20 Beat
Mar. 31 2024 -0.03 0.06 Beat
Dec. 31 2023 0.11 0.21 Beat
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