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.
Countdown to AeroVironment (AVAV) Q2 Earnings: Wall Street Forecasts for Key Metrics
Read MoreHide Full Article
Wall Street analysts expect AeroVironment (AVAV - Free Report) to post quarterly earnings of $0.85 per share in its upcoming report, which indicates a year-over-year increase of 80.9%. Revenues are expected to be $477.43 million, up 153.3% from the year-ago quarter.
Over the last 30 days, there has been a downward revision of 1.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific AeroVironment metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Revenue- Contract Services' to come in at $152.12 million. The estimate indicates a change of +308.6% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenue- Product Sales' will likely reach $308.97 million. The estimate points to a change of +104.3% from the year-ago quarter.
Analysts' assessment points toward 'Gross margin- Contract services' reaching $27.00 million. The estimate is in contrast to the year-ago figure of $9.46 million.
Based on the collective assessment of analysts, 'Gross margin- Product sales' should arrive at $89.94 million. The estimate compares to the year-ago value of $64.18 million.
Shares of AeroVironment have experienced a change of -22.5% in the past month compared to the +0.1% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), AVAV is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Countdown to AeroVironment (AVAV) Q2 Earnings: Wall Street Forecasts for Key Metrics
Wall Street analysts expect AeroVironment (AVAV - Free Report) to post quarterly earnings of $0.85 per share in its upcoming report, which indicates a year-over-year increase of 80.9%. Revenues are expected to be $477.43 million, up 153.3% from the year-ago quarter.
Over the last 30 days, there has been a downward revision of 1.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific AeroVironment metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Revenue- Contract Services' to come in at $152.12 million. The estimate indicates a change of +308.6% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenue- Product Sales' will likely reach $308.97 million. The estimate points to a change of +104.3% from the year-ago quarter.
Analysts' assessment points toward 'Gross margin- Contract services' reaching $27.00 million. The estimate is in contrast to the year-ago figure of $9.46 million.
Based on the collective assessment of analysts, 'Gross margin- Product sales' should arrive at $89.94 million. The estimate compares to the year-ago value of $64.18 million.
View all Key Company Metrics for AeroVironment here>>>Shares of AeroVironment have experienced a change of -22.5% in the past month compared to the +0.1% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), AVAV is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .