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ARRY

Array Technologies Inc

$21.26

Earnings Summary

Revenue
$219.88Mn
Net Profits
$-21.9Mn
Net Profit Margins
-9.96%

Highlights

Revenue:

Array Technologies Inc’s revenue fell -10.59% since last year same period to $219.88Mn in the Q1 2022. On a quarterly growth basis, Array Technologies Inc has generated 0% jump in its revenue since last 3-months.

Net Profits:

Array Technologies Inc’s net profit fell -858.61% since last year same period to $-21.9Mn in the Q1 2022. On a quarterly growth basis, Array Technologies Inc has generated 0% jump in its net profits since last 3-months.

Net Profit Margins:

Array Technologies Inc’s net profit margin fell -948.5% since last year same period to -9.96% in the Q1 2022. On a quarterly growth basis, Array Technologies Inc has generated 0% jump in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Array Technologies Inc post its latest quarter earnings

EPS Estimate Current Quarter
-0.03
EPS Estimate Current Year
-0.03

Highlights

EPS Estimate Current Quarter:

Array Technologies Inc’s earning per share (EPS) estimates for the current quarter stand at -0.03 - a 0% jump from last quarter’s estimates.

EPS Estimate Current Year:

Array Technologies Inc’s earning per share (EPS) estimates for the current year stand at -0.03.

Key Ratios

Key ratios of the Array Technologies Inc post its Q1 2022 earnings

Earning Per Share (EPS)
-0.06
Return on Assets (ROA)
-0.04
Return on Equity (ROE)
-0.51
Dividend Per Share (DPS)
0

Highlights

Earning Per Share (EPS):

Array Technologies Inc’s earning per share (EPS) fell -131.58% since last year same period to -0.06 in the Q1 2022. This indicates that the Array Technologies Inc has generated -131.58% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Array Technologies Inc’s return on assets (ROA) stands at -0.04.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Array Technologies Inc’s return on equity (ROE) stands at -0.51.

Dividend Per Share (DPS):

Array Technologies Inc declared 0 dividend per share during the earnings announcement for Q1 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-04-06
-0.03
-0.06
-100%

Company Information

Array Technologies is a leading global technology company providing tracker solutions and services for utility-scale solar energy projects as one of the world's largest manufacturers of ground-mounted systems. With efficient installation and terrain flexibility coupled with high reliability, durability, and performance, Array delivers a lower levelized cost of energy. The Company's focus on innovation, combined with its customer-centric approach, has helped achieve some of the industry's best returns. Array Technologies is headquartered in the United States with offices in Europe, Central America, and Australia.

Organisation
Array Technologies Inc
Employees
389
Industry
Health Technology