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AeroVironment (AVAV) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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AeroVironment (AVAV - Free Report) closed the most recent trading day at $123.08, moving -2.4% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.51%. Elsewhere, the Dow saw an upswing of 0.41%, while the tech-heavy Nasdaq depreciated by 1.07%.
Heading into today, shares of the maker of unmanned aircrafts had lost 10.45% over the past month, lagging the Aerospace sector's gain of 2.1% and the S&P 500's loss of 0.87%.
Market participants will be closely following the financial results of AeroVironment in its upcoming release. The company is predicted to post an EPS of $0.46, indicating a 4.55% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $504.68 million, reflecting a 6.81% rise from the equivalent quarter last year.
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 recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.37% higher. As of now, AeroVironment holds a Zacks Rank of #3 (Hold).
In terms of valuation, AeroVironment is presently being traded at a Forward P/E ratio of 38.65. This represents a premium compared to its industry average Forward P/E of 29.23.
Meanwhile, AVAV's PEG ratio is currently 1.98. 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. As the market closed yesterday, the Aerospace - Defense Equipment industry was having an average PEG ratio of 1.98.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 79, positioning it in the top 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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AeroVironment (AVAV) Sees a More Significant Dip Than Broader Market: Some Facts to Know
AeroVironment (AVAV - Free Report) closed the most recent trading day at $123.08, moving -2.4% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.51%. Elsewhere, the Dow saw an upswing of 0.41%, while the tech-heavy Nasdaq depreciated by 1.07%.
Heading into today, shares of the maker of unmanned aircrafts had lost 10.45% over the past month, lagging the Aerospace sector's gain of 2.1% and the S&P 500's loss of 0.87%.
Market participants will be closely following the financial results of AeroVironment in its upcoming release. The company is predicted to post an EPS of $0.46, indicating a 4.55% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $504.68 million, reflecting a 6.81% rise from the equivalent quarter last year.
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 recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.37% higher. As of now, AeroVironment holds a Zacks Rank of #3 (Hold).
In terms of valuation, AeroVironment is presently being traded at a Forward P/E ratio of 38.65. This represents a premium compared to its industry average Forward P/E of 29.23.
Meanwhile, AVAV's PEG ratio is currently 1.98. 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. As the market closed yesterday, the Aerospace - Defense Equipment industry was having an average PEG ratio of 1.98.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 79, positioning it in the top 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.