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Unlocking Q1 Potential of AeroVironment (AVAV): Exploring Wall Street Estimates for Key Metrics
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Wall Street analysts forecast that AeroVironment (AVAV - Free Report) will report quarterly earnings of $0.32 per share in its upcoming release, pointing to no change from the year-ago quarter. It is anticipated that revenues will amount to $474.57 million, exhibiting an increase of 4.4% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 8.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific AeroVironment metrics that are routinely monitored and predicted by Wall Street analysts.
The average prediction of analysts places 'Revenue- Contract Services' at $150.43 million. The estimate indicates a year-over-year change of +6.6%.
Analysts forecast 'Revenue- Product Sales' to reach $306.40 million. The estimate points to a change of -2.3% from the year-ago quarter.
The consensus estimate for 'Gross margin- Contract services' stands at $20.24 million. Compared to the current estimate, the company reported $12.27 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Gross margin- Product sales' should arrive at $82.34 million. Compared to the present estimate, the company reported $82.85 million in the same quarter last year.
Shares of AeroVironment have demonstrated returns of -13.5% over the past month compared to the Zacks S&P 500 composite's +2.5% change. With a Zacks Rank #3 (Hold), AVAV is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Unlocking Q1 Potential of AeroVironment (AVAV): Exploring Wall Street Estimates for Key Metrics
Wall Street analysts forecast that AeroVironment (AVAV - Free Report) will report quarterly earnings of $0.32 per share in its upcoming release, pointing to no change from the year-ago quarter. It is anticipated that revenues will amount to $474.57 million, exhibiting an increase of 4.4% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 8.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific AeroVironment metrics that are routinely monitored and predicted by Wall Street analysts.
The average prediction of analysts places 'Revenue- Contract Services' at $150.43 million. The estimate indicates a year-over-year change of +6.6%.
Analysts forecast 'Revenue- Product Sales' to reach $306.40 million. The estimate points to a change of -2.3% from the year-ago quarter.
The consensus estimate for 'Gross margin- Contract services' stands at $20.24 million. Compared to the current estimate, the company reported $12.27 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Gross margin- Product sales' should arrive at $82.34 million. Compared to the present estimate, the company reported $82.85 million in the same quarter last year.
View all Key Company Metrics for AeroVironment here>>>Shares of AeroVironment have demonstrated returns of -13.5% over the past month compared to the Zacks S&P 500 composite's +2.5% change. With a Zacks Rank #3 (Hold), AVAV is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .