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Here's Why AeroVironment (AVAV) Fell More Than Broader Market
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AeroVironment (AVAV - Free Report) closed at $183.50 in the latest trading session, marking a -4.6% move from the prior day. This move lagged the S&P 500's daily loss of 0.04%. Meanwhile, the Dow experienced a drop of 0.57%, and the technology-dominated Nasdaq saw an increase of 0.04%.
Shares of the maker of unmanned aircrafts witnessed a gain of 5.08% over the previous month, beating the performance of the Aerospace sector with its loss of 1.96%, and underperforming the S&P 500's gain of 12.24%.
The investment community will be paying close attention to the earnings performance of AeroVironment in its upcoming release. It is anticipated that the company will report an EPS of $1.53, marking a 4.97% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $566.61 million, reflecting a 106% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.03 per share and a revenue of $1.91 billion, signifying shifts of -7.62% and +133.23%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for AeroVironment. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, AeroVironment is carrying a Zacks Rank of #5 (Strong Sell).
Looking at valuation, AeroVironment is presently trading at a Forward P/E ratio of 63.55. This valuation marks a premium compared to its industry average Forward P/E of 34.95.
We can additionally observe that AVAV currently boasts a PEG ratio of 3.26. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Aerospace - Defense Equipment industry currently had an average PEG ratio of 2.44 as of yesterday's close.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. With its current Zacks Industry Rank of 157, this industry ranks in the bottom 36% of all industries, numbering over 250.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Here's Why AeroVironment (AVAV) Fell More Than Broader Market
AeroVironment (AVAV - Free Report) closed at $183.50 in the latest trading session, marking a -4.6% move from the prior day. This move lagged the S&P 500's daily loss of 0.04%. Meanwhile, the Dow experienced a drop of 0.57%, and the technology-dominated Nasdaq saw an increase of 0.04%.
Shares of the maker of unmanned aircrafts witnessed a gain of 5.08% over the previous month, beating the performance of the Aerospace sector with its loss of 1.96%, and underperforming the S&P 500's gain of 12.24%.
The investment community will be paying close attention to the earnings performance of AeroVironment in its upcoming release. It is anticipated that the company will report an EPS of $1.53, marking a 4.97% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $566.61 million, reflecting a 106% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.03 per share and a revenue of $1.91 billion, signifying shifts of -7.62% and +133.23%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for AeroVironment. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, AeroVironment is carrying a Zacks Rank of #5 (Strong Sell).
Looking at valuation, AeroVironment is presently trading at a Forward P/E ratio of 63.55. This valuation marks a premium compared to its industry average Forward P/E of 34.95.
We can additionally observe that AVAV currently boasts a PEG ratio of 3.26. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Aerospace - Defense Equipment industry currently had an average PEG ratio of 2.44 as of yesterday's close.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. With its current Zacks Industry Rank of 157, this industry ranks in the bottom 36% of all industries, numbering over 250.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.