AeroVironment (AVAV) closed at $350.70 in the latest trading session, marking a -3.94% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.37%. Meanwhile, the Dow gained 0.48%, and the Nasdaq, a tech-heavy index, added 0.65%.
The stock of maker of unmanned aircrafts has fallen by 7.61% in the past month, lagging the Aerospace sector's gain of 0.52% and the S&P 500's gain of 0.95%.
Analysts and investors alike will be keeping a close eye on the performance of AeroVironment in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.87, showcasing a 85.11% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $480.86 million, up 155.15% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.63 per share and a revenue of $2.01 billion, signifying shifts of +10.67% and +171.29%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for AeroVironment. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. AeroVironment presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, AeroVironment is currently exchanging hands at a Forward P/E ratio of 100.5. This indicates a premium in contrast to its industry's Forward P/E of 33.59.
We can also see that AVAV currently has a PEG ratio of 5.15. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. AVAV's industry had an average PEG ratio of 2.42 as of yesterday's close.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 139, placing it within the bottom 44% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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AeroVironment, Inc. (AVAV): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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