AeroVironment (AVAV) Stock Slides as Market Rises: Facts to Know Before You Trade

Company Performance - AeroVironment (AVAV) closed at $185.96, reflecting a slight decrease of -0.09% from the previous day, underperforming compared to the S&P 500's gain of 0.39% [1] - Over the last month, AeroVironment's shares increased by 14.16%, significantly outperforming the Aerospace sector's gain of 2.81% and the S&P 500's gain of 1.7% [1] Upcoming Earnings - The upcoming earnings per share (EPS) for AeroVironment is projected at$ 0.58, indicating a 7.94% decline compared to the same quarter last year [2] - Revenue is anticipated to be $189.25 million, reflecting a 1.43% increase from the same quarter last year [2] Full Year Estimates - For the full year, Zacks Consensus Estimates project earnings of$ 3.38 per share and revenue of $811.51 million, showing increases of +13.04% and +13.23% respectively from the previous year [3] - Recent changes to analyst estimates for AeroVironment may indicate a shifting business landscape, with positive revisions suggesting optimism about the company's outlook [3] Valuation Metrics - AeroVironment's current Forward P/E ratio is 55.01, which is a premium compared to the industry average Forward P/E of 29.93 [6] - The Aerospace - Defense Equipment industry, to which AeroVironment belongs, has a Zacks Industry Rank of 136, placing it in the bottom 46% of over 250 industries [6] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates AeroVironment at 3 (Hold) [5] - The Zacks Rank has a historical track record of outperforming expectations, with 1 rated stocks delivering an average annual return of +25% since 1988 [5]