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AeroVironment (AVAV) Surpasses Market Returns: Some Facts Worth Knowing
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AeroVironment (AVAV - Free Report) ended the recent trading session at $125.45, demonstrating a +1.78% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.7% for the day. Meanwhile, the Dow experienced a rise of 0.28%, and the technology-dominated Nasdaq saw an increase of 0.83%.
Prior to today's trading, shares of the maker of unmanned aircrafts had lost 18.94% lagged the Aerospace sector's loss of 5.33% and the S&P 500's loss of 1.21%.
Analysts and investors alike will be keeping a close eye on the performance of AeroVironment in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.46, showcasing a 4.55% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $504.68 million, up 6.81% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.26 per share and revenue of $2.21 billion, which would represent changes of -1.51% and +11.67%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for AeroVironment. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.53% higher. Right now, AeroVironment possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, AeroVironment is holding a Forward P/E ratio of 37.77. For comparison, its industry has an average Forward P/E of 29.31, which means AeroVironment is trading at a premium to the group.
We can also see that AVAV currently has a PEG ratio of 1.94. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Aerospace - Defense Equipment stocks are, on average, holding a PEG ratio of 1.85 based on yesterday's closing prices.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 71, finds itself in the top 29% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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AeroVironment (AVAV) Surpasses Market Returns: Some Facts Worth Knowing
AeroVironment (AVAV - Free Report) ended the recent trading session at $125.45, demonstrating a +1.78% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.7% for the day. Meanwhile, the Dow experienced a rise of 0.28%, and the technology-dominated Nasdaq saw an increase of 0.83%.
Prior to today's trading, shares of the maker of unmanned aircrafts had lost 18.94% lagged the Aerospace sector's loss of 5.33% and the S&P 500's loss of 1.21%.
Analysts and investors alike will be keeping a close eye on the performance of AeroVironment in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.46, showcasing a 4.55% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $504.68 million, up 6.81% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.26 per share and revenue of $2.21 billion, which would represent changes of -1.51% and +11.67%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for AeroVironment. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.53% higher. Right now, AeroVironment possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, AeroVironment is holding a Forward P/E ratio of 37.77. For comparison, its industry has an average Forward P/E of 29.31, which means AeroVironment is trading at a premium to the group.
We can also see that AVAV currently has a PEG ratio of 1.94. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Aerospace - Defense Equipment stocks are, on average, holding a PEG ratio of 1.85 based on yesterday's closing prices.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 71, finds itself in the top 29% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.