Array Technologies Inc reports results for the quarter ended December 31 - Earnings Summary

• Array Technologies Inc ARRY.OQ reported quarterly adjusted earnings of 16 cents​​ per share for the quarter ended December 31, 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 17 cents per share. Wall Street expected results to range from 15 cents to 21 cents per share.

• Revenue fell 19.4% to $275.23 million from a year ago; analysts expected $268.47 million.

• Array Technologies Inc's reported EPS for the quarter was a loss of 93 cents​.

• The company reported a quarterly loss of $141.24 million.

• Array Technologies Inc shares had risen by 13.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 12 "hold" and no "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 $10.00

This summary was machine generated from LSEG data February 27 at 10:00 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)