Array Technologies, Inc. (ARRY) closed the most recent trading day at $6.81, moving +1.95% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.4%. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw an increase of 0.63%.

Prior to today's trading, shares of the company had gained 0.91% over the past month. This has outpaced the Oils-Energy sector's loss of 7.82% and lagged the S&P 500's gain of 3.76% in that time.

Market participants will be closely following the financial results of Array Technologies, Inc. in its upcoming release. The company is expected to report EPS of $0.13, down 38.1% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $227.99 million, indicating a 34.94% decline compared to the corresponding quarter of the prior year.

ARRY's full-year Zacks Consensus Estimates are calling for earnings of $0.65 per share and revenue of $942.68 million. These results would represent year-over-year changes of -42.48% and -40.21%, respectively.

It's also important for investors to be aware of any recent modifications to analyst estimates for Array Technologies, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.92% downward. Array Technologies, Inc. is currently a Zacks Rank #3 (Hold).

From a valuation perspective, Array Technologies, Inc. is currently exchanging hands at a Forward P/E ratio of 10.36. This signifies a discount in comparison to the average Forward P/E of 13.22 for its industry.

Also, we should mention that ARRY has a PEG ratio of 1.1. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Solar industry was having an average PEG ratio of 1.1.