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AeroVironment (AVAV) Advances While Market Declines: Some Information for Investors
ZACKS· 2024-07-23 23:20
AeroVironment (AVAV) 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 fo ...
AeroVironment: Flying Under The Radar
Seeking Alpha· 2024-07-22 15:53
gremlin/E+ via Getty Images Shares of AeroVironment (NASDAQ:AVAV) have been on fire in recent years, being a real upcoming player in a somewhat stable defense environment. The unmanned vehicle producer has been on fire in recent years, as its products are really upcoming in the defense industry and used in global battlefields. I like the track record of the business and its positioning, but fear that commanding valuations do not result in a very compelling risk-reward situation here, as there is quite some ...
3 AI Stocks to Dump in July Before They Plummet
Investor Place· 2024-07-17 10:12
Knowing the dynamics of AI stocks is increasingly crucial as the technology continues to integrate across industries. As the market enters July, evaluating AI-focused companies’ performance and potential pitfalls becomes paramount. Here are three companies grappling with distinct challenges amidst their AI-driven strategies. The weakening fundamentals may lead to a massive downfall in their market valuations.The first company renowned for its enterprise AI solutions faces a pivotal shift from traditional li ...
7 Defense Stocks to Buy Amid Peace Summit Tensions
Investor Place· 2024-06-28 10:00
Although labeled as the peace summit, an international call for an end to Russia’s invasion of Ukraine effectively did little more than harden ideological lines. While a great many support a roadmap to peace that encompasses Ukraine’s territorial integrity, key players – namely Russia and China, along with a few others – believe differently. What can be said is that defense stocks to buy present a cynically positive framework.Unless the Russians agree to pull back their troops – something that Moscow has de ...
Why AeroVironment Stock Just Crashed 15%
The Motley Fool· 2024-06-27 17:23
At 50 times earnings and a 12% earnings growth rate, AeroVironment stock is simply too expensive to own.AeroVironment (AVAV -12.35%) stock fell 15% through 11:50 a.m. ET Thursday despite beating earnings in its fiscal Q4 2024 report last night. Analysts forecast the maker of small military drones would earn $0.22 per share on $188.6 million in quarterly sales. In fact, AeroVironment earned $0.43 per share on sales of $197 million. Investors are selling off AV stock regardless.AeroVironment Q4 earningsNor ar ...
AeroVironment FY2024 Earnings: Switching Gears On Switchblade Demand
Seeking Alpha· 2024-06-27 04:51
JoeLena/iStock via Getty Images Investment Thesis Military drone maker AeroVironment (NASDAQ:NASDAQ:AVAV) reported their full-year FY24 earnings results today, which beat expectations on the top and bottom lines. The company reported a huge surge in sales in their LMS segment (Loitering Munition Systems) due to the sustained demand for their Switchblade drones, which continued to propel the company’s sales forward. Since the start of the year, I have been bullish on AeroVironment. In my last coverage, I ...
AeroVironment(AVAV) - 2024 Q4 - Earnings Call Transcript
2024-06-26 23:32
AeroVironment, Inc. (NASDAQ:AVAV) Q4 2024 Earnings Conference Call June 26, 2024 4:30 PM ET Company Participants Jonah Teeter-Balin - Senior Director, Corporate Development & Investor Relations Wahid Nawabi - Chairman, President & Chief Executive Officer Kevin McDonnell - Senior Vice President & Chief Financial Officer Conference Call Participants Greg Konrad - Jefferies Peter Arment - Baird Ken Herbert - RBC Bryce Sandberg - William Blair Andre Madrid - BTIG Operator Good day, and thank you for standing by ...
AeroVironment(AVAV) - 2024 Q4 - Annual Report
2024-06-26 23:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended April 30, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-33261 AEROVIRONMENT, INC. (Exact name of registrant as specified in its charter) Delaware 95-2705790 (State or other jurisdiction of ...
AeroVironment (AVAV) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-06-26 23:01
AeroVironment (AVAV) reported $196.98 million in revenue for the quarter ended April 2024, representing a year-over-year increase of 5.9%. EPS of $0.43 for the same period compares to $0.99 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $187.79 million, representing a surprise of +4.90%. The company delivered an EPS surprise of +104.76%, with the consensus EPS estimate being $0.21.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...
AeroVironment (AVAV) Q4 Earnings and Revenues Beat Estimates
ZACKS· 2024-06-26 22:25
Company Performance - AeroVironment reported quarterly earnings of $0.43 per share, exceeding the Zacks Consensus Estimate of $0.21 per share, but down from $0.99 per share a year ago, representing an earnings surprise of 104.76% [1] - The company achieved revenues of $196.98 million for the quarter ended April 2024, surpassing the Zacks Consensus Estimate by 4.90% and up from $186.04 million year-over-year [1] - Over the last four quarters, AeroVironment has consistently surpassed consensus EPS and revenue estimates [1] Stock Performance - AeroVironment shares have increased approximately 52.9% since the beginning of the year, significantly outperforming the S&P 500's gain of 14.7% [2] - The current consensus EPS estimate for the upcoming quarter is $0.65 on revenues of $191.65 million, and for the current fiscal year, it is $3.42 on revenues of $808.36 million [4] Industry Outlook - The Aerospace - Defense Equipment industry, to which AeroVironment belongs, is currently ranked in the top 17% of over 250 Zacks industries, indicating a favorable outlook [5] - The performance of AeroVironment's stock may be influenced by the overall industry outlook, as research shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [5]