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AeroVironment (AVAV) Outperforms Broader Market: What You Need to Know
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AeroVironment (AVAV - Free Report) closed the most recent trading day at $370.68, moving +1.56% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.16%. Elsewhere, the Dow saw an upswing of 0.17%, while the tech-heavy Nasdaq appreciated by 0.26%.
Shares of the maker of unmanned aircrafts witnessed a gain of 52.72% over the previous month, beating the performance of the Aerospace sector with its gain of 10.85%, and the S&P 500's gain of 1.89%.
The investment community will be paying close attention to the earnings performance of AeroVironment in its upcoming release. In that report, analysts expect AeroVironment to post earnings of $0.65 per share. This would mark year-over-year growth of 116.67%. Alongside, our most recent consensus estimate is anticipating revenue of $478.22 million, indicating a 185.27% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.47 per share and a revenue of $2 billion, representing changes of +5.79% and +143.46%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for AeroVironment. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.15% upward. As of now, AeroVironment holds a Zacks Rank of #3 (Hold).
Investors should also note AeroVironment's current valuation metrics, including its Forward P/E ratio of 105.12. Its industry sports an average Forward P/E of 36.4, so one might conclude that AeroVironment is trading at a premium comparatively.
It is also worth noting that AVAV currently has a PEG ratio of 5.39. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Aerospace - Defense Equipment industry currently had an average PEG ratio of 2.23 as of yesterday's close.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 67, which puts it in the top 28% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the 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.
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AeroVironment (AVAV) Outperforms Broader Market: What You Need to Know
AeroVironment (AVAV - Free Report) closed the most recent trading day at $370.68, moving +1.56% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.16%. Elsewhere, the Dow saw an upswing of 0.17%, while the tech-heavy Nasdaq appreciated by 0.26%.
Shares of the maker of unmanned aircrafts witnessed a gain of 52.72% over the previous month, beating the performance of the Aerospace sector with its gain of 10.85%, and the S&P 500's gain of 1.89%.
The investment community will be paying close attention to the earnings performance of AeroVironment in its upcoming release. In that report, analysts expect AeroVironment to post earnings of $0.65 per share. This would mark year-over-year growth of 116.67%. Alongside, our most recent consensus estimate is anticipating revenue of $478.22 million, indicating a 185.27% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.47 per share and a revenue of $2 billion, representing changes of +5.79% and +143.46%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for AeroVironment. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.15% upward. As of now, AeroVironment holds a Zacks Rank of #3 (Hold).
Investors should also note AeroVironment's current valuation metrics, including its Forward P/E ratio of 105.12. Its industry sports an average Forward P/E of 36.4, so one might conclude that AeroVironment is trading at a premium comparatively.
It is also worth noting that AVAV currently has a PEG ratio of 5.39. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Aerospace - Defense Equipment industry currently had an average PEG ratio of 2.23 as of yesterday's close.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 67, which puts it in the top 28% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the 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.