The Consensus EPS Estimates For Array Technologies, Inc. (NASDAQ:ARRY) Just Fell Dramatically [Yahoo! Finance]
Array Technologies, Inc. (ARRY)
Last array technologies, inc. earnings: 5/7 08:00 am
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US:NASDAQ Investor Relations:
investor.arraybiopharma.com/investor-overview
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Source: Yahoo! Finance
Revenue and earnings per share (EPS) forecasts were both revised downwards, with the analysts seeing grey clouds on the horizon. The stock price has risen 5.5% to US$14.14 over the past week. We'd be curious to see if the downgrade is enough to reverse investor sentiment on the business. Following the latest downgrade, the 24 analysts covering Array Technologies provided consensus estimates of US$1.4b revenue in 2024, which would reflect an uncomfortable 11% decline on its sales over the past 12 months. Statutory earnings per share are presumed to step up 11% to US$0.63. Previously, the analysts had been modelling revenues of US$1.9b and earnings per share (EPS) of US$0.87 in 2024. It looks like analyst sentiment has declined substantially, with a sizeable cut to revenue estimates and a pretty serious decline to earnings per share numbers as well. See our latest analysis for Array Technologies The consensus price target fell 16% to US$20.59, with the weaker earnings outlook clea
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News
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ARRY
Earnings
- 2/27/24 - Beat
ARRY
Sec Filings
- 4/22/24 - Form 4
- 4/10/24 - Form ARS
- 4/10/24 - Form DEFA14A
- ARRY's page on the SEC website