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.
AeroVironment (AVAV) Surpasses Market Returns: Some Facts Worth Knowing
Read MoreHide Full Article
In the latest trading session, AeroVironment (AVAV - Free Report) closed at $156.35, marking a +1.37% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.21%. Elsewhere, the Dow saw an upswing of 1.03%, while the tech-heavy Nasdaq depreciated by 0.22%.
Heading into today, shares of the maker of unmanned aircrafts had gained 10.96% over the past month, outpacing the Aerospace sector's gain of 1.5% and the S&P 500's gain of 1.7%.
Market participants will be closely following the financial results of AeroVironment in its upcoming release. The company is expected to report EPS of $0.34, up 6.25% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $474.57 million, showing a 4.38% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.26 per share and a revenue of $2.17 billion, indicating changes of -1.51% and +9.78%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for AeroVironment. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 24.61% decrease. AeroVironment presently features a Zacks Rank of #3 (Hold).
Investors should also note AeroVironment's current valuation metrics, including its Forward P/E ratio of 47.31. Its industry sports an average Forward P/E of 37.56, so one might conclude that AeroVironment is trading at a premium comparatively.
We can additionally observe that AVAV currently boasts a PEG ratio of 5.25. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Aerospace - Defense Equipment industry stood at 2.37 at the close of the market yesterday.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 67, putting it in the top 28% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AVAV in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
AeroVironment (AVAV) Surpasses Market Returns: Some Facts Worth Knowing
In the latest trading session, AeroVironment (AVAV - Free Report) closed at $156.35, marking a +1.37% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.21%. Elsewhere, the Dow saw an upswing of 1.03%, while the tech-heavy Nasdaq depreciated by 0.22%.
Heading into today, shares of the maker of unmanned aircrafts had gained 10.96% over the past month, outpacing the Aerospace sector's gain of 1.5% and the S&P 500's gain of 1.7%.
Market participants will be closely following the financial results of AeroVironment in its upcoming release. The company is expected to report EPS of $0.34, up 6.25% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $474.57 million, showing a 4.38% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.26 per share and a revenue of $2.17 billion, indicating changes of -1.51% and +9.78%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for AeroVironment. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 24.61% decrease. AeroVironment presently features a Zacks Rank of #3 (Hold).
Investors should also note AeroVironment's current valuation metrics, including its Forward P/E ratio of 47.31. Its industry sports an average Forward P/E of 37.56, so one might conclude that AeroVironment is trading at a premium comparatively.
We can additionally observe that AVAV currently boasts a PEG ratio of 5.25. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Aerospace - Defense Equipment industry stood at 2.37 at the close of the market yesterday.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 67, putting it in the top 28% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AVAV in the coming trading sessions, be sure to utilize Zacks.com.