AeroVironment(US:AVAV) ZACKS·2024-08-29 14:15Core Insights - AeroVironment (AVAV) is expected to report quarterly earnings of $0.61 per share, reflecting a 39% decline year-over-year, while revenues are forecasted to increase by 20.9% to $184.26 million [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analysts' projections [1] - Analysts emphasize the importance of earnings estimate revisions in predicting investor reactions and stock price performance [1] Revenue Projections - Revenue from Contract Services is projected to reach $36.71 million, representing an 11.7% year-over-year increase [2] - Revenue from Product Sales is expected to be $149.67 million, indicating a 25.3% increase from the prior-year quarter [2] Gross Margin Estimates - Gross margin from Contract Services is anticipated to be $9.31 million, up from $7.80 million reported in the same quarter last year [2] - Gross margin from Product Sales is forecasted to reach $64.28 million, compared to $57.86 million in the same quarter last year [3] Stock Performance - AeroVironment shares have returned +8.6% over the past month, outperforming the Zacks S&P 500 composite, which saw a +2.6% change [3] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [3]