Array Technologies Future Growth
Future criteria checks 4/6
Array Technologies is forecast to grow earnings and revenue by 21.7% and 6.6% per annum respectively. EPS is expected to grow by 21.1% per annum. Return on equity is forecast to be 34.3% in 3 years.
Key information
21.7%
Earnings growth rate
21.1%
EPS growth rate
| Electrical earnings growth | 18.6% |
| Revenue growth rate | 6.6% |
| Future return on equity | 34.3% |
| Analyst coverage | Good |
| Last updated | 23 Apr 2024 |
Recent future growth updates
Recent updates
We Think Array Technologies (NASDAQ:ARRY) Can Stay On Top Of Its Debt
May 01
Is There An Opportunity With Array Technologies, Inc.'s (NASDAQ:ARRY) 49% Undervaluation?
Mar 25Array Technologies: Short-Term Downside, But High Long-Term Growth
Mar 07Need To Know: Analysts Just Made A Substantial Cut To Their Array Technologies, Inc. (NASDAQ:ARRY) Estimates
Feb 29Is It Too Late To Consider Buying Array Technologies, Inc. (NASDAQ:ARRY)?
Feb 21We Think Array Technologies (NASDAQ:ARRY) Can Stay On Top Of Its Debt
Jan 30Array Technologies, Inc.'s (NASDAQ:ARRY) Shares Climb 25% But Its Business Is Yet to Catch Up
Dec 19Here's What To Make Of Array Technologies' (NASDAQ:ARRY) Decelerating Rates Of Return
Nov 29Is It Time To Consider Buying Array Technologies, Inc. (NASDAQ:ARRY)?
Nov 08Array Technologies (NASDAQ:ARRY) Is Experiencing Growth In Returns On Capital
Aug 28What Does Array Technologies, Inc.'s (NASDAQ:ARRY) Share Price Indicate?
Aug 10Is There An Opportunity With Array Technologies, Inc.'s (NASDAQ:ARRY) 31% Undervaluation?
Jul 22The Return Trends At Array Technologies (NASDAQ:ARRY) Look Promising
May 11What Array Technologies, Inc.'s (NASDAQ:ARRY) 25% Share Price Gain Is Not Telling You
Apr 17Estimating The Fair Value Of Array Technologies, Inc. (NASDAQ:ARRY)
Jan 23Is Now An Opportune Moment To Examine Array Technologies, Inc. (NASDAQ:ARRY)?
Nov 09Calculating The Intrinsic Value Of Array Technologies, Inc. (NASDAQ:ARRY)
Oct 19Array Technologies Could Be The Next Big Infrastructure Play
Oct 12Array Technologies: Tracking The Sun To A Triumphant Recovery
Sep 10Array Technologies reports Q2 earnings beat; reaffirms FY22 guidance
Aug 09Array Technologies enters settlement agreement with Nextracker, Flextronics International
Jul 21Is Array Technologies, Inc. (NASDAQ:ARRY) Trading At A 49% Discount?
Jul 09Array Technologies: Import Tariff Overhang Is Gone, It's Time To Shine
Jun 26Array Technologies: On The Scrap Heap
Apr 11Array Technologies: Severely Unloved And Undervalued
Feb 01Array Technologies: No Sunshine Yet
Jan 12Array Technologies (NASDAQ:ARRY) Might Be Having Difficulty Using Its Capital Effectively
Dec 06Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 1,820 | 160 | 220 | 253 | 14 |
| 12/31/2025 | 1,692 | 166 | 219 | 248 | 26 |
| 12/31/2024 | 1,355 | 100 | 132 | 183 | 27 |
| 12/31/2023 | 1,577 | 86 | 215 | 232 | N/A |
| 9/30/2023 | 1,637 | 59 | 220 | 235 | N/A |
| 6/30/2023 | 1,802 | 77 | 252 | 269 | N/A |
| 3/31/2023 | 1,714 | 8 | 225 | 237 | N/A |
| 12/31/2022 | 1,638 | -44 | 131 | 141 | N/A |
| 9/30/2022 | 1,455 | -58 | -61 | -53 | N/A |
| 6/30/2022 | 1,129 | -120 | -196 | -190 | N/A |
| 3/31/2022 | 906 | -108 | -276 | -271 | N/A |
| 12/31/2021 | 853 | -66 | -267 | -263 | N/A |
| 9/30/2021 | 814 | -44 | -65 | -62 | N/A |
| 6/30/2021 | 765 | -18 | -11 | -8 | N/A |
| 3/31/2021 | 683 | -10 | 34 | 36 | N/A |
| 12/31/2020 | 873 | 59 | -124 | -122 | N/A |
| 9/30/2020 | 917 | 96 | 170 | 171 | N/A |
| 6/30/2020 | 975 | 121 | 139 | 141 | N/A |
| 3/31/2020 | 973 | 116 | 185 | 187 | N/A |
| 12/31/2019 | 648 | 40 | 384 | 386 | N/A |
| 12/31/2018 | 291 | -61 | -18 | -12 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ARRY's forecast earnings growth (21.7% per year) is above the savings rate (2.4%).
Earnings vs Market: ARRY's earnings (21.7% per year) are forecast to grow faster than the US market (14.1% per year).
High Growth Earnings: ARRY's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ARRY's revenue (6.6% per year) is forecast to grow slower than the US market (8.2% per year).
High Growth Revenue: ARRY's revenue (6.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ARRY's Return on Equity is forecast to be high in 3 years time (34.3%)