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Increased Earnings Estimates Seen for AeroVironment (AVAV): Can It Move Higher?
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AeroVironment, Inc. (AVAV - Free Report) develops, produces, supports and operates unmanned aircraft systems. The company could be an interesting play for investors because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on AVAV’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that AeroVironment could be a solid choice for investors.
Current Quarter Estimates for AVAV
In the past 30 days, one estimate has gone higher for AeroVironment while three have gone lower in the same time period. The trend has been pretty favorable though, with estimates narrowing from a loss of 4 cents a share 30 days ago, to a loss of 3 cents today, a move of 33.3%.
Current Year Estimates for AVAV
Meanwhile, AeroVironment’s current year figures are also looking quite promising, with four estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 54 cents per share 30 days ago to 61 cents per share today, an increase of 13%.
The stock has also started to move higher lately, adding 31.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
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Increased Earnings Estimates Seen for AeroVironment (AVAV): Can It Move Higher?
AeroVironment, Inc. (AVAV - Free Report) develops, produces, supports and operates unmanned aircraft systems. The company could be an interesting play for investors because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on AVAV’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that AeroVironment could be a solid choice for investors.
Current Quarter Estimates for AVAV
In the past 30 days, one estimate has gone higher for AeroVironment while three have gone lower in the same time period. The trend has been pretty favorable though, with estimates narrowing from a loss of 4 cents a share 30 days ago, to a loss of 3 cents today, a move of 33.3%.
Current Year Estimates for AVAV
Meanwhile, AeroVironment’s current year figures are also looking quite promising, with four estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 54 cents per share 30 days ago to 61 cents per share today, an increase of 13%.
AeroVironment, Inc. Price and Consensus
AeroVironment, Inc. Price and Consensus | AeroVironment, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 31.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>