yucelyilmaz Investment thesis AeroVironment (NASDAQ:AVAV) reported its Q3 FY24, which significantly outperformed consensus expectations, with its 91% growth in non-GAAP EPS pleasantly surprising me as well. But the surprises on the upside didn’t just stop there, with the drone maker raising its guidance for the remainder of the year while hinting at some strong growth as it heads into FY25. These results were a significant improvement from my first research note on AeroVironment a couple of months ago, ...

Key PointsAeroVironment had a solid quarter with record sales in critical segments. Despite the ramp in sales, the funded backlog improved by 9.1%, suggesting another strong year ahead. Improving growth, margin, and shareholder equity suggests this stock could rise 100% or more by the end of next year. 5 stocks we like better than AeroVironmentAeroVironment NASDAQ: AVAV is not a new company or even a cutting-edge technology, but it has matured into a highly demanded provider of drones and unmanned defense s ...

NiseriN/iStock via Getty Images In May 2023, I started coverage for AeroVironment (NASDAQ:AVAV) stock after the company had just been eliminated from the FTUAS (Future Tactical Unmanned Aerial System) program. At the time, I saw the elimination as a risk to sustained growth for the company and combined with the high EV/EBITDA relative to peers, I put a hold rating on AVAV stock. The stock, however, has performed well, gaining 84% vs. a 22.7% return for the broader markets. In July 2023, I accepted the eleva ...

Key TakeawaysAeroVironment shares soared to a record high Tuesday as the maker of technology for drones, missiles and other military applications posted better-than-expected quarterly results.Quarterly profit was nearly double estimates, and revenue beat forecasts, too.The company raised and narrowed its full-year revenue guidance. Shares of AeroVironment (AVAV) flew to a record high Tuesday as the maker of technology for drones, missiles, and other military applications posted better-than-expected quarterl ...

The defense and aerospace market is ripe for growth. The defense industry is expected to be worth over $1 trillion by 2027, thanks to increased government spending and investment in advanced technologies. This allows investors to enter the industry while it has room to grow. This article will cover three defense stocks investors can buy that benefit from bigger government budgets and new contracts. These companies produce aircraft, vehicles, weapons, communications and other defense-related equipment. They ...

Drone maker AeroVironment (AVAV 29.58%) had a great quarter and sees further growth up ahead. Investors are rallying into the shares as a result, with the stock up 28% and hitting a new all-time high as of 11:30 a.m. ET.Growth is acceleratingAeroVironment is the maker of uncrewed aerial vehicles (UAVs) for the U.S. military and other customers. The company's products have been battle-tested by the conflict in Ukraine, which has also helped U.S. and allied military planners recognize the importance of UAVs i ...

AeroVironment, Inc. (NASDAQ:AVAV) Q3 2024 Earnings Conference Call March 4, 2024 4:30 PM ET Company Participants Jonah Teeter-Balin - Senior Director of Corporate Development & IR Wahid Nawabi - Chairman, President & CEO Kevin McDonnell - SVP & CFO Conference Call Participants Peter Arment - Baird Greg Konrad - Jefferies Peter Skibitski - Alembic Global Louie DiPalma - William Blair Stephen Strackhouse - RBC Capital Markets Operator Good day, and thank you for standing by. Welcome to the AeroVironment Fisca ...

AeroVironment (AVAV) reported $186.58 million in revenue for the quarter ended January 2024, representing a year-over-year increase of 38.8%. EPS of $0.63 for the same period compares to $0.33 a year ago.The reported revenue represents a surprise of +10.59% over the Zacks Consensus Estimate of $168.72 million. With the consensus EPS estimate being $0.32, the EPS surprise was +96.88%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to d ...

AeroVironment (AVAV) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 96.88%. A quarter ago, it was expected that this maker of unmanned aircrafts would post earnings of $0.67 per share when it actually produced earnings of $0.97, delivering a surprise of 44.78%.Over the last four quar ...

Third Quarter Fiscal Year 2024 Earnings Presentation March 4, 2024 Slide 1 | © 2024 AeroVironment, Inc. Safe Harbor Statement This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” ...