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AeroVironment (AVAV) Stock Slides as Market Rises: Facts to Know Before You Trade
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In the latest trading session, AeroVironment (AVAV - Free Report) closed at $166.69, marking a -9.88% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.81% for the day. On the other hand, the Dow registered a gain of 0.73%, and the technology-centric Nasdaq increased by 1.03%.
Shares of the maker of unmanned aircrafts have depreciated by 4.76% over the course of the past month, outperforming the Aerospace sector's loss of 4.83%, and lagging the S&P 500's gain of 9.47%.
Analysts and investors alike will be keeping a close eye on the performance of AeroVironment in its upcoming earnings disclosure. The company is expected to report EPS of $1.53, down 4.97% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $566.61 million, indicating a 106% growth compared to the corresponding quarter of the prior year.
AVAV's full-year Zacks Consensus Estimates are calling for earnings of $2.94 per share and revenue of $1.91 billion. These results would represent year-over-year changes of -10.37% and +133.23%, respectively.
It is also important to note the recent changes to analyst estimates for AeroVironment. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, AeroVironment boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that AeroVironment has a Forward P/E ratio of 48.28 right now. This expresses a premium compared to the average Forward P/E of 33.46 of its industry.
It's also important to note that AVAV currently trades at a PEG ratio of 2.47. 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. AVAV's industry had an average PEG ratio of 2.27 as of yesterday's close.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 144, finds itself in the bottom 41% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the 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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AeroVironment (AVAV) Stock Slides as Market Rises: Facts to Know Before You Trade
In the latest trading session, AeroVironment (AVAV - Free Report) closed at $166.69, marking a -9.88% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.81% for the day. On the other hand, the Dow registered a gain of 0.73%, and the technology-centric Nasdaq increased by 1.03%.
Shares of the maker of unmanned aircrafts have depreciated by 4.76% over the course of the past month, outperforming the Aerospace sector's loss of 4.83%, and lagging the S&P 500's gain of 9.47%.
Analysts and investors alike will be keeping a close eye on the performance of AeroVironment in its upcoming earnings disclosure. The company is expected to report EPS of $1.53, down 4.97% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $566.61 million, indicating a 106% growth compared to the corresponding quarter of the prior year.
AVAV's full-year Zacks Consensus Estimates are calling for earnings of $2.94 per share and revenue of $1.91 billion. These results would represent year-over-year changes of -10.37% and +133.23%, respectively.
It is also important to note the recent changes to analyst estimates for AeroVironment. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, AeroVironment boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that AeroVironment has a Forward P/E ratio of 48.28 right now. This expresses a premium compared to the average Forward P/E of 33.46 of its industry.
It's also important to note that AVAV currently trades at a PEG ratio of 2.47. 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. AVAV's industry had an average PEG ratio of 2.27 as of yesterday's close.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 144, finds itself in the bottom 41% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the 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.