Wall Street analyst estimates for Array Digital Infrastructure Inc (AD): consensus price target and buy/hold/sell recommendations.
Array Digital Infrastructure, Inc. owns and operates shared wireless communications infrastructure in the United States. The company deploys 5G and other wireless technologies through its 4,400 cell towers. It also leases tower space to tenants. In addition, the company offers ancillary services. It serves organizations, wireless carriers, government agencies, municipalities, wireless internet service providers, and broadband providers.
Analyst Consensus
| Strong Buy | 0 |
| Buy | 3 |
| Hold | 2 |
| Sell | 0 |
| Strong Sell | 0 |
| Total analysts | 5 |
| Avg rating (−2 sell to +2 buy) | 0.60 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-11-06 | $0.33 | ||
| 2026-08-07 | $4.15 | $0.41 | +912.9% |
| 2026-05-08 | $2.08 | $0.91 | +127.8% |
| 2026-02-20 | $0.48 | $0.32 | +50.0% |
| 2025-11-07 | $0.97 | $0.25 | +288.0% |
| 2025-08-11 | $0.36 | $0.33 | +9.1% |
| 2025-05-02 | $0.21 | $0.37 | -43.2% |
| 2025-02-21 | $0.05 | $-0.03 | +300.0% |
Valuation Ratios
| P/E Ratio | 3.66 |
| Price / Book | 2.25 |
| Dividend Yield | 64.67% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.99B | $3.89B | $3.97B | $4.02B | $4.04B | $4.12B | $4.17B | $3.91B | $3.77B | $163.0M |
| Cost of Revenue | $1.84B | $1.80B | $1.79B | $1.78B | $1.79B | $1.91B | $1.97B | $1.73B | $1.63B | $127.7M |
| Gross Profit | $2.15B | $2.09B | $2.18B | $2.24B | $2.24B | $2.21B | $2.20B | $2.18B | $2.14B | $35.2M |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $1.48B | $1.41B | $1.39B | $1.41B | $1.37B | $1.34B | $1.41B | $1.37B | $1.33B | $84.4M |
| Operating Expenses | $2.10B | $2.39B | $2.02B | $2.13B | $2.07B | $2.04B | $2.13B | $2.04B | $2.15B | $84.4M |
| Operating Income | $48.0M | -$304.0M | $158.0M | $112.0M | $173.0M | $170.0M | $69.0M | $139.0M | -$12.0M | -$49.2M |
| EBITDA | $669.0M | $675.0M | $790.0M | $832.0M | $876.0M | $1.03B | $935.0M | $963.0M | $826.0M | $217.6M |
| Interest Expense | $107.0M | $105.0M | $101.0M | $93.0M | $104.0M | $175.0M | $163.0M | $196.0M | $183.0M | $28.2M |
| Pre-tax Income | $82.0M | -$272.0M | $215.0M | $185.0M | $250.0M | $180.0M | $72.0M | $111.0M | -$22.0M | $141.1M |
| Income Tax | $33.0M | -$287.0M | $51.0M | $52.0M | $17.0M | $20.0M | $37.0M | $53.0M | $10.0M | -$31.1M |
| Net Income | $48.0M | $12.0M | $150.0M | $127.0M | $229.0M | $155.0M | $30.0M | $54.0M | -$39.0M | $290.9M |
| EPS | $0.56 | $0.14 | $1.72 | $1.44 | $2.62 | $1.80 | $0.35 | $0.64 | -$0.45 | $3.39 |
| EPS (Diluted) | $0.56 | $0.14 | $1.72 | $1.44 | $2.62 | $1.77 | $0.35 | $0.63 | -$0.46 | $3.33 |
| Shares Outstanding (Diluted) | 85.0 M | 86.0 M | 87.0 M | 88.0 M | 87.0 M | 87.0 M | 86.0 M | 87.0 M | 86.0 M | 87.3 M |
Price
| Price | $32.86 (closing price, October 30, 2026) |
| Market Cap | $2.8B |
| Exchange | NYSE |
| Country | US |
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Explore sector: Communication Services · Telecommunications Services
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