AeroVironment (AVAV) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Core Insights - AeroVironment (AVAV) is expected to report quarterly earnings of $0.68 per share, reflecting a year-over-year increase of 126.7% [1] - Revenues are anticipated to reach $472.98 million, representing a significant increase of 182.1% from the same quarter last year [1] - The consensus EPS estimate has been revised downward by 11.3% in the past 30 days, indicating a reassessment by analysts [1] Revenue Estimates - Analysts project 'Revenue- Contract Services' to be $148.86 million, indicating a year-over-year change of +433.9% [4] - 'Revenue- Product Sales' is expected to be $301.35 million, reflecting a year-over-year increase of +115.6% [4] Gross Margin Estimates - The 'Gross margin- Contract services' is projected to reach $29.80 million, compared to $4.45 million from the previous year [4] - 'Gross margin- Product sales' is expected to be $76.90 million, up from $58.75 million year-over-year [5] Stock Performance - Over the past month, shares of AeroVironment have declined by 12%, while the Zacks S&P 500 composite has only decreased by 0.2% [5] - Currently, AeroVironment holds a Zacks Rank 5 (Strong Sell), suggesting potential underperformance in the near future [5]