AeroVironment (AVAV) Q4 Earnings and Revenues Beat Estimates

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]