Earnings estimates for AeroVironment, Inc. (AVAV - Free Report) have been revised upward in the past 60 days, reflecting analysts’ optimism on the stock. The Zacks Consensus Estimate for 2019 and 2020 earnings has moved up 16.6% and 3% during the said period, respectively.
AeroVironmentdesigns, develops, produces, supports as well as operates a portfolio of products and services for government agencies and businesses.
Let’s focus on the factors that make the stock an appropriate pick at the moment.
Zacks Rank &Surprise History
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The company has an average four-quarter positive earnings surprise of 294.51%.
Earnings Estimate Revision
AeroVironment’s earnings estimates for 2019 have rallied 62.04% on a year-over-year basis to $1.75 per share. The company’s revenue estimates for 2019 rose 3.24% on a year-over-year basis to $308.61 million.
Price Movement & Long-term Growth
In the past 12 months, AeroVironment’ shares have rallied 21.5% compared with the industry’s rise of 4.5%. The company’s long-term earnings growth is pegged at 25%.
The company is successfully executing fiscal 2019 plan and continues to deliver strong results backed by high-funded backlog. As of Jan 26, 2019, funded backlog was $132.5 million, up 17% from the third quarter of fiscal 2018.The third-quarter ending backlog that the company expects to execute in fiscal 2019 is $74 million. An increase in backlog indicates favorable revenue growth prospects for the company in the upcoming quarters.
Other Key Picks
Some other top-ranked stocks from the same industry are Triumph Group, Inc (TGI - Free Report) , Teledyne Technologies Incorporated (TDY - Free Report) and Heico Corporation (HEI - Free Report) . Triumph Group and Teledyne Technologies sport a Zacks Rank of 1(Strong Buy), while Heico holds a Zacks Rank of 2 .
Triumph Group pulled off an average positive earnings surprise of 1.64% in the last four quarters. The company’s long-term earnings growth is pegged at 4.80%.
Teledyne Technologies came up with an average positive earnings surprise of 10.65% in the last four quarters. The company’s long-term earnings growth is pegged at 7.50%.
Heico pulled off an average positive earnings surprise of 4.80% in the last four quarters. The company’s long-term earnings growth is pegged at 12.10%.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks Today >>