AeroVironment (AVAV) closed the most recent trading day at $141.22, moving -1.57% from the previous trading session. This change lagged the S&P 500's 0.38% gain on the day. On the other hand, the Dow registered a gain of 0.29%, and the technology-centric Nasdaq increased by 0.62%.
Prior to today's trading, shares of the maker of unmanned aircrafts had lost 13.94% lagged the Aerospace sector's loss of 2.35% and the S&P 500's gain of 1.61%.
The upcoming earnings release of AeroVironment will be of great interest to investors. In that report, analysts expect AeroVironment to post earnings of $0.34 per share. This would mark year-over-year growth of 6.25%. Alongside, our most recent consensus estimate is anticipating revenue of $474.57 million, indicating a 4.38% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.4 per share and a revenue of $2.18 billion, indicating changes of +2.72% and +10.1%, respectively, from the former year.
It is also important to note the 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 16.36% lower. AeroVironment currently has a Zacks Rank of #3 (Hold).
In the context of valuation, AeroVironment is at present trading with a Forward P/E ratio of 42.25. This expresses a premium compared to the average Forward P/E of 36.9 of its industry.
Meanwhile, AVAV's PEG ratio is currently 2.16. 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. By the end of yesterday's trading, the Aerospace - Defense Equipment industry had an average PEG ratio of 2.24.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 94, placing it within the top 39% of over 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.
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, Inc. (AVAV): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).