AeroVironment, Inc. (AVAV - Free Report) is set to release first-quarter fiscal 2020 results on Sep 4, 2019 after market close.
In the last reported quarter, the company delivered a positive earnings surprise of 4%. Also, it has an average four-quarter earnings surprise of 279.65%.
Let’s see how things are shaping up prior to this announcement.
Factors at Play
The company expects to benefit from nearly 5% ownership of the HAPSMobile joint venture. As of Apr 30, ending funded backlog in fourth-quarter fiscal 2019 was $164.3 million that is expected to be executed in fiscal 2020. The tactical missile systems and small UAS are likely to drive AeroVironment’s growth in fiscal 2020.
However, the company expects to incur loss from Pulse Aerospace acquisition that was made in June 2019. AeroVironment also expects to generate lower gross margins in fiscal 2020 due to a shift in revenue mix.
The Zacks Consensus Estimate for fiscal first-quarter revenues is pegged at $85.25 million, which indicates 9.24% improvement year over year. However, estimate for fiscal first-quarter earnings is pegged at 35 cents that suggests a decline of 40.68% on a year-over-year basis.
Earnings Whispers
Our proven model does not conclusively show that AeroVironment is likely to beat estimates in the quarter to be reported. This is because a stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is not the case here, as you see below.
Earnings ESP: AeroVironment has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: AeroVironment currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Other Defense Releases
Textron Inc (TXT - Free Report) reported second-quarter 2019 earnings from continuing operations of 93 cents per share, which surpassed the Zacks Consensus Estimate of 85 cents by 9.4%.
Lockheed Martin Corp (LMT - Free Report) delivered second-quarter 2019 earnings of $5 per share, which outpaced the Zacks Consensus Estimate of $4.74 by 5.5%.
Northrop Grumman Corporation (NOC - Free Report) reported second-quarter 2019 earnings of $5.06 per share, which exceeded the Zacks Consensus Estimate of $4.64 by 9%.
Legalizing THIS Could Be Even Bigger than Marijuana
Americans spend an estimated $150 billion in this industry every year… more than twice as much as they
spend on marijuana.
Now that 8 states have fully-legalized it (with several more states following close behind), Zacks has
identified 5 stocks that could soar in response to the powerful demand. One industry insider described
the future as “mind-blowing” – and early investors can still get in ahead of the surge.
See these 5 “sin stocks” now >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
AeroVironment, Inc. (AVAV - Free Report) is set to release first-quarter fiscal 2020 results on Sep 4, 2019 after market close.
In the last reported quarter, the company delivered a positive earnings surprise of 4%. Also, it has an average four-quarter earnings surprise of 279.65%.
Let’s see how things are shaping up prior to this announcement.
Factors at Play
The company expects to benefit from nearly 5% ownership of the HAPSMobile joint venture. As of Apr 30, ending funded backlog in fourth-quarter fiscal 2019 was $164.3 million that is expected to be executed in fiscal 2020. The tactical missile systems and small UAS are likely to drive AeroVironment’s growth in fiscal 2020.
However, the company expects to incur loss from Pulse Aerospace acquisition that was made in June 2019. AeroVironment also expects to generate lower gross margins in fiscal 2020 due to a shift in revenue mix.
The Zacks Consensus Estimate for fiscal first-quarter revenues is pegged at $85.25 million, which indicates 9.24% improvement year over year. However, estimate for fiscal first-quarter earnings is pegged at 35 cents that suggests a decline of 40.68% on a year-over-year basis.
Earnings Whispers
Our proven model does not conclusively show that AeroVironment is likely to beat estimates in the quarter to be reported. This is because a stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is not the case here, as you see below.
Earnings ESP: AeroVironment has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: AeroVironment currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Other Defense Releases
Textron Inc (TXT - Free Report) reported second-quarter 2019 earnings from continuing operations of 93 cents per share, which surpassed the Zacks Consensus Estimate of 85 cents by 9.4%.
Lockheed Martin Corp (LMT - Free Report) delivered second-quarter 2019 earnings of $5 per share, which outpaced the Zacks Consensus Estimate of $4.74 by 5.5%.
Northrop Grumman Corporation (NOC - Free Report) reported second-quarter 2019 earnings of $5.06 per share, which exceeded the Zacks Consensus Estimate of $4.64 by 9%.
Legalizing THIS Could Be Even Bigger than Marijuana
Americans spend an estimated $150 billion in this industry every year… more than twice as much as they
spend on marijuana.
Now that 8 states have fully-legalized it (with several more states following close behind), Zacks has
identified 5 stocks that could soar in response to the powerful demand. One industry insider described
the future as “mind-blowing” – and early investors can still get in ahead of the surge.
See these 5 “sin stocks” now >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on LMT - FREE
Get the latest research report on NOC - FREE
Get the latest research report on TXT - FREE
Get the latest research report on AVAV - FREE