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Here's Why You Should Invest in AeroVironment (AVAV) Stock
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Earnings estimates for AeroVironment, Inc. (AVAV - Free Report) have been revised upward in the past 60 days, reflecting analysts’ optimism on the stock. The Zacks Consensus Estimate for 2019 and 2020 earnings has moved up 16.6% and 3% during the said period, respectively.
AeroVironmentdesigns, develops, produces, supports as well as operates a portfolio of products and services for government agencies and businesses.
Let’s focus on the factors that make the stock an appropriate pick at the moment.
The company has an average four-quarter positive earnings surprise of 294.51%.
Earnings Estimate Revision
AeroVironment’s earnings estimates for 2019 have rallied 62.04% on a year-over-year basis to $1.75 per share. The company’s revenue estimates for 2019 rose 3.24% on a year-over-year basis to $308.61 million.
Price Movement & Long-term Growth
In the past 12 months, AeroVironment’ shares have rallied 21.5% compared with the industry’s rise of 4.5%. The company’s long-term earnings growth is pegged at 25%.
Solid Backlog
The company is successfully executing fiscal 2019 plan and continues to deliver strong results backed by high-funded backlog. As of Jan 26, 2019, funded backlog was $132.5 million, up 17% from the third quarter of fiscal 2018.The third-quarter ending backlog that the company expects to execute in fiscal 2019 is $74 million. An increase in backlog indicates favorable revenue growth prospects for the company in the upcoming quarters.
Other Key Picks
Some other top-ranked stocks from the same industry are Triumph Group, Inc (TGI - Free Report) , Teledyne Technologies Incorporated (TDY - Free Report) and Heico Corporation (HEI - Free Report) . Triumph Group and Teledyne Technologies sport a Zacks Rank of 1(Strong Buy), while Heico holds a Zacks Rank of 2 .
Triumph Group pulled off an average positive earnings surprise of 1.64% in the last four quarters. The company’s long-term earnings growth is pegged at 4.80%.
Teledyne Technologies came up with an average positive earnings surprise of 10.65% in the last four quarters. The company’s long-term earnings growth is pegged at 7.50%.
Heico pulled off an average positive earnings surprise of 4.80% in the last four quarters. The company’s long-term earnings growth is pegged at 12.10%.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
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Here's Why You Should Invest in AeroVironment (AVAV) Stock
Earnings estimates for AeroVironment, Inc. (AVAV - Free Report) have been revised upward in the past 60 days, reflecting analysts’ optimism on the stock. The Zacks Consensus Estimate for 2019 and 2020 earnings has moved up 16.6% and 3% during the said period, respectively.
AeroVironmentdesigns, develops, produces, supports as well as operates a portfolio of products and services for government agencies and businesses.
Let’s focus on the factors that make the stock an appropriate pick at the moment.
Zacks Rank &Surprise History
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The company has an average four-quarter positive earnings surprise of 294.51%.
Earnings Estimate Revision
AeroVironment’s earnings estimates for 2019 have rallied 62.04% on a year-over-year basis to $1.75 per share. The company’s revenue estimates for 2019 rose 3.24% on a year-over-year basis to $308.61 million.
Price Movement & Long-term Growth
In the past 12 months, AeroVironment’ shares have rallied 21.5% compared with the industry’s rise of 4.5%. The company’s long-term earnings growth is pegged at 25%.
Solid Backlog
The company is successfully executing fiscal 2019 plan and continues to deliver strong results backed by high-funded backlog. As of Jan 26, 2019, funded backlog was $132.5 million, up 17% from the third quarter of fiscal 2018.The third-quarter ending backlog that the company expects to execute in fiscal 2019 is $74 million. An increase in backlog indicates favorable revenue growth prospects for the company in the upcoming quarters.
Other Key Picks
Some other top-ranked stocks from the same industry are Triumph Group, Inc (TGI - Free Report) , Teledyne Technologies Incorporated (TDY - Free Report) and Heico Corporation (HEI - Free Report) . Triumph Group and Teledyne Technologies sport a Zacks Rank of 1(Strong Buy), while Heico holds a Zacks Rank of 2 .
Triumph Group pulled off an average positive earnings surprise of 1.64% in the last four quarters. The company’s long-term earnings growth is pegged at 4.80%.
Teledyne Technologies came up with an average positive earnings surprise of 10.65% in the last four quarters. The company’s long-term earnings growth is pegged at 7.50%.
Heico pulled off an average positive earnings surprise of 4.80% in the last four quarters. The company’s long-term earnings growth is pegged at 12.10%.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
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