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AeroVironment (AVAV) Advances While Market Declines: Some Information for Investors
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AeroVironment (AVAV - Free Report) closed the latest trading day at $171.52, indicating a +1.84% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 0.16%. Elsewhere, the Dow saw a downswing of 0.14%, while the tech-heavy Nasdaq depreciated by 0.06%.
Shares of the maker of unmanned aircrafts have depreciated by 11.59% over the course of the past month, underperforming the Aerospace sector's loss of 1.18% and the S&P 500's gain of 1.96%.
Market participants will be closely following the financial results of AeroVironment in its upcoming release. It is anticipated that the company will report an EPS of $0.61, marking a 39% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $184.26 million, up 20.94% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.41 per share and a revenue of $813.75 million, representing changes of +14.05% and +13.54%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for AeroVironment. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.39% decrease. As of now, AeroVironment holds a Zacks Rank of #3 (Hold).
In terms of valuation, AeroVironment is currently trading at a Forward P/E ratio of 49.44. This denotes a premium relative to the industry's average Forward P/E of 29.06.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. With its current Zacks Industry Rank of 92, this industry ranks in the top 37% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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AeroVironment (AVAV) Advances While Market Declines: Some Information for Investors
AeroVironment (AVAV - Free Report) closed the latest trading day at $171.52, indicating a +1.84% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 0.16%. Elsewhere, the Dow saw a downswing of 0.14%, while the tech-heavy Nasdaq depreciated by 0.06%.
Shares of the maker of unmanned aircrafts have depreciated by 11.59% over the course of the past month, underperforming the Aerospace sector's loss of 1.18% and the S&P 500's gain of 1.96%.
Market participants will be closely following the financial results of AeroVironment in its upcoming release. It is anticipated that the company will report an EPS of $0.61, marking a 39% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $184.26 million, up 20.94% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.41 per share and a revenue of $813.75 million, representing changes of +14.05% and +13.54%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for AeroVironment. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.39% decrease. As of now, AeroVironment holds a Zacks Rank of #3 (Hold).
In terms of valuation, AeroVironment is currently trading at a Forward P/E ratio of 49.44. This denotes a premium relative to the industry's average Forward P/E of 29.06.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. With its current Zacks Industry Rank of 92, this industry ranks in the top 37% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.