For the quarter ended July 2024, AeroVironment (AVAV) reported income of $189.48 million, up 24.4% over the identical interval final yr. EPS got here in at $0.89, in comparison with $1.00 within the year-ago quarter.
The reported income represents a shock of +2.84% over the Zacks Consensus Estimate of $184.26 million. With the consensus EPS estimate being $0.61, the EPS shock was +45.90%.
Whereas traders intently watch year-over-year modifications in headline numbers — income and earnings — and the way they examine to Wall Road expectations to find out their subsequent plan of action, some key metrics all the time present a greater perception into an organization’s underlying efficiency.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps traders challenge a inventory’s value efficiency extra precisely.
Right here is how AeroVironment carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
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Income- Contract Providers
: $29.98 million in comparison with the $36.71 million common estimate based mostly on two analysts. The reported quantity represents a change of -8.8% yr over yr.
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Income- Product Gross sales
: $159.50 million versus $149.67 million estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a +33.5% change.
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Gross margin- Contract providers
: $7.48 million versus $9.31 million estimated by two analysts on common.
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Gross margin- Product gross sales
: $73.99 million in comparison with the $64.28 million common estimate based mostly on two analysts.
View all Key Company Metrics for AeroVironment here>>>
Shares of AeroVironment have returned +13.4% over the previous month versus the Zacks S&P 500 composite’s +3.6% change. The inventory at the moment has a Zacks Rank #3 (Maintain), indicating that it might carry out in step with the broader market within the close to time period.
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AeroVironment, Inc. (AVAV) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
