AeroVironment (AVAV) closed the most recent trading day at $262.48, moving -3.56% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.06%. Elsewhere, the Dow saw an upswing of 0.41%, while the tech-heavy Nasdaq depreciated by 0.39%.
The maker of unmanned aircrafts's shares have seen an increase of 42.33% over the last month, surpassing the Aerospace sector's gain of 5.95% and the S&P 500's gain of 5.88%.
Analysts and investors alike will be keeping a close eye on the performance of AeroVironment in its upcoming earnings disclosure. In that report, analysts expect AeroVironment to post earnings of $0.34 per share. This would mark a year-over-year decline of 61.8%. At the same time, our most recent consensus estimate is projecting a revenue of $453.5 million, reflecting a 139.34% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.23 per share and revenue of $2 billion, which would represent changes of -1.52% and +144.32%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for AeroVironment. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 21.75% lower. AeroVironment is currently sporting a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, AeroVironment is holding a Forward P/E ratio of 84.22. This denotes a premium relative to the industry average Forward P/E of 39.2.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 92, finds itself in the top 38% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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AeroVironment, Inc. (AVAV): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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