Wireless telecommunications provider Array (NYSE: AD) will be announcing earnings results this Friday before the bell. Here’s what investors should know.
Array beat analysts’ revenue expectations by 15.7% last quarter, reporting revenues of $47.12 million, up 83.1% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates.
Is Array a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Array’s revenue to decline 94.2% year on year to $56.37 million, a further deceleration from the 3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.30 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Array has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Array’s peers in the telecommunication services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Lumen’s revenues decreased 8.7% year on year, meeting analysts’ expectations, and Viasat reported revenues up 3%, falling short of estimates by 1%. Lumen traded down 21.6% following the results while Viasat was up 11.4%.
Read our full analysis of Lumen’s results here and Viasat’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the telecommunication services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.5% on average over the last month. Array is down 12.2% during the same time and is heading into earnings with an average analyst price target of $58.17 (compared to the current share price of $49.65).
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