AeroVironment (AVAV) Stock Falls Amid Market Uptick: What Investors Need to Know

Group 1: Stock Performance - AeroVironment's stock closed at $179.35, reflecting a -1.54% change from the previous day, underperforming the S&P 500's gain of 0.03% [1] - The stock has increased by 12.36% over the past month, outperforming the Aerospace sector's gain of 4.66% and the S&P 500's gain of 4.19% [1] Group 2: Upcoming Financial Results - AeroVironment is expected to report earnings of$ 0.58 per share, indicating a year-over-year decline of 7.94% [2] - The projected revenue for the upcoming release is $189.25 million, which represents a 1.43% increase from the previous year [2] Group 3: Annual Forecasts - For the entire year, earnings are forecasted at$ 3.38 per share and revenue at $811.51 million, reflecting increases of +13.04% and +13.23% respectively compared to the previous year [3] - Recent analyst estimate revisions suggest a positive outlook for the company's business [3] Group 4: Valuation Metrics - AeroVironment has a Forward P/E ratio of 53.84, which is a premium compared to the industry's average Forward P/E of 30.79 [6] - The Aerospace - Defense Equipment industry ranks in the bottom 44% of all industries, with a current Zacks Industry Rank of 141 [6] Group 5: Zacks Rank System - AeroVironment currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining steady over the past month [5] - The Zacks Rank system has a history of outperforming, with 1 stocks returning an average annual gain of +25% since 1988 [5]