We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AeroVironment (AVAV) Gains But Lags Market: What You Should Know
Read MoreHide Full Article
In the latest market close, AeroVironment (AVAV - Free Report) reached $204.41, with a +0.84% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.19%. Elsewhere, the Dow saw an upswing of 0.25%, while the tech-heavy Nasdaq appreciated by 1.96%.
Prior to today's trading, shares of the maker of unmanned aircrafts had gained 12.87% over the past month. This has outpaced the Aerospace sector's gain of 3.34% and the S&P 500's gain of 3.35% in that time.
Market participants will be closely following the financial results of AeroVironment in its upcoming release. The company's earnings per share (EPS) are projected to be $0.21, reflecting a 78.79% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $187.79 million, up 0.94% from the prior-year quarter.
Any recent changes to analyst estimates for AeroVironment should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. AeroVironment currently has a Zacks Rank of #3 (Hold).
In terms of valuation, AeroVironment is presently being traded at a Forward P/E ratio of 59.27. This indicates a premium in contrast to its industry's Forward P/E of 28.14.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 60, which puts it in the top 24% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
AeroVironment (AVAV) Gains But Lags Market: What You Should Know
In the latest market close, AeroVironment (AVAV - Free Report) reached $204.41, with a +0.84% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.19%. Elsewhere, the Dow saw an upswing of 0.25%, while the tech-heavy Nasdaq appreciated by 1.96%.
Prior to today's trading, shares of the maker of unmanned aircrafts had gained 12.87% over the past month. This has outpaced the Aerospace sector's gain of 3.34% and the S&P 500's gain of 3.35% in that time.
Market participants will be closely following the financial results of AeroVironment in its upcoming release. The company's earnings per share (EPS) are projected to be $0.21, reflecting a 78.79% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $187.79 million, up 0.94% from the prior-year quarter.
Any recent changes to analyst estimates for AeroVironment should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. AeroVironment currently has a Zacks Rank of #3 (Hold).
In terms of valuation, AeroVironment is presently being traded at a Forward P/E ratio of 59.27. This indicates a premium in contrast to its industry's Forward P/E of 28.14.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 60, which puts it in the top 24% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.