AeroVironment (AVAV) Misses Q2 Earnings Estimates

Company Performance - AeroVironment reported quarterly earnings of $0.47 per share, missing the Zacks Consensus Estimate of $0.66 per share, and down from $0.97 per share a year ago, representing an earnings surprise of -28.79% [1] - The company posted revenues of $188.46 million for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 5.31%, compared to year-ago revenues of $180.82 million [2] - Over the last four quarters, AeroVironment has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Stock Performance - AeroVironment shares have increased approximately 53.2% since the beginning of the year, outperforming the S&P 500's gain of 26.8% [3] - The current consensus EPS estimate for the coming quarter is $0.84 on revenues of $204.17 million, and for the current fiscal year, it is $3.36 on revenues of $802.14 million [7] Industry Outlook - The Aerospace - Defense Equipment industry, to which AeroVironment belongs, is currently in the top 19% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry performance can significantly impact stock performance [5][8]