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AeroVironment (AVAV) Advances While Market Declines: Some Information for Investors
AeroVironmentAeroVironment(US:AVAV) ZACKSยท2024-07-23 23:20

Company Performance - AeroVironment (AVAV) closed at $171.52, reflecting a +1.84% change from the previous session, outperforming the S&P 500's daily loss of 0.16% [1] - Over the past month, shares have depreciated by 11.59%, underperforming the Aerospace sector's loss of 1.18% and the S&P 500's gain of 1.96% [1] - The upcoming financial results are expected to show an EPS of $0.61, a 39% decline year-over-year, with revenue anticipated at $184.26 million, up 20.94% from the prior-year quarter [1] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at $3.41 per share and revenue at $813.75 million, representing increases of +14.05% and +13.54% respectively from the prior year [2] - Recent changes to analyst estimates indicate shifting business dynamics, with positive alterations reflecting analyst optimism regarding the company's profitability [2] Analyst Ratings and Valuation - The Zacks Rank system rates AeroVironment at 3 (Hold), with a proven track record of outperformance for 1 (Strong Buy) stocks returning an average of +25% annually since 1988 [3] - The Forward P/E ratio for AeroVironment is 49.44, indicating a premium compared to the industry's average Forward P/E of 29.06 [3] - The Aerospace - Defense Equipment industry ranks in the top 37% of all industries, with a current Zacks Industry Rank of 92 [3]