AeroVironment (AVAV) Reports Q2 Earnings: What Key Metrics Have to Say

Core Insights - AeroVironment reported revenue of $188.46 million for the quarter ended October 2024, a year-over-year increase of 4.2% [1] - The company's EPS for the same period was $0.47, down from $0.97 a year ago, indicating a significant decline [1] - The reported revenue exceeded the Zacks Consensus Estimate of $178.96 million by 5.31%, while the EPS fell short of the consensus estimate of $0.66 by 28.79% [1] Revenue Breakdown - Revenue from Contract Services was $37.23 million, surpassing the average estimate of $32.39 million by two analysts, reflecting a year-over-year increase of 6.3% [3] - Revenue from Product Sales reached $151.23 million, exceeding the average estimate of $147.46 million, with a year-over-year change of 3.7% [3] Gross Margin Analysis - Gross margin for Contract Services was reported at $9.46 million, above the average estimate of $7.96 million [3] - Gross margin for Product Sales was $64.18 million, slightly above the average estimate of $64.10 million [3] Stock Performance - AeroVironment's shares have declined by 12.1% over the past month, contrasting with the Zacks S&P 500 composite's increase of 5.8% [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]