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AeroVironment (AVAV) Stock Drops Despite Market Gains: Important Facts to Note
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In the latest trading session, AeroVironment (AVAV - Free Report) closed at $170.58, marking a -7.14% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.5%. Elsewhere, the Dow gained 0.7%, while the tech-heavy Nasdaq added 0.31%.
The maker of unmanned aircrafts's shares have seen an increase of 11.15% over the last month, surpassing the Aerospace sector's gain of 4% and the S&P 500's loss of 0.23%.
Market participants will be closely following the financial results of AeroVironment in its upcoming release. The company's upcoming EPS is projected at $1.53, signifying a 4.97% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $566.61 million, up 106% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.94 per share and revenue of $1.9 billion. These totals would mark changes of -10.37% and +131.33%, respectively, from last year.
Any recent changes to analyst estimates for AeroVironment should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. AeroVironment is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, AeroVironment is holding a Forward P/E ratio of 49.19. This denotes a premium relative to the industry average Forward P/E of 38.28.
It is also worth noting that AVAV currently has a PEG ratio of 2.52. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Aerospace - Defense Equipment stocks are, on average, holding a PEG ratio of 2.32 based on yesterday's closing prices.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 64, placing it within the top 27% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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AeroVironment (AVAV) Stock Drops Despite Market Gains: Important Facts to Note
In the latest trading session, AeroVironment (AVAV - Free Report) closed at $170.58, marking a -7.14% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.5%. Elsewhere, the Dow gained 0.7%, while the tech-heavy Nasdaq added 0.31%.
The maker of unmanned aircrafts's shares have seen an increase of 11.15% over the last month, surpassing the Aerospace sector's gain of 4% and the S&P 500's loss of 0.23%.
Market participants will be closely following the financial results of AeroVironment in its upcoming release. The company's upcoming EPS is projected at $1.53, signifying a 4.97% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $566.61 million, up 106% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.94 per share and revenue of $1.9 billion. These totals would mark changes of -10.37% and +131.33%, respectively, from last year.
Any recent changes to analyst estimates for AeroVironment should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. AeroVironment is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, AeroVironment is holding a Forward P/E ratio of 49.19. This denotes a premium relative to the industry average Forward P/E of 38.28.
It is also worth noting that AVAV currently has a PEG ratio of 2.52. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Aerospace - Defense Equipment stocks are, on average, holding a PEG ratio of 2.32 based on yesterday's closing prices.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 64, placing it within the top 27% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.