AeroVironment stock declines, underperforming sector & market, projected earnings & revenue down

From Nasdaq: 2024-11-25 18:15:06

In the latest market close, AeroVironment (AVAV) closed at $193.11, with a -1.43% change from the previous day, lagging behind the S&P 500’s 0.3% gain. Heading into today, shares had dropped 11.31% over the past month, underperforming the Aerospace sector and the S&P 500.

AeroVironment is set to release its earnings report on December 4, 2024, with projected EPS of $0.66, a 31.96% decrease from last year. Analysts estimate quarterly revenue at $178.96 million, down 1.03% YoY. Investors should consider recent analyst revisions and the Zacks Rank system for stock price performance.

The stock is currently rated at a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 58.36, reflecting a premium compared to the industry average of 32.85. The Aerospace – Defense Equipment industry has a Zacks Industry Rank of 75, in the top 30% of over 250 industries. Monitoring these metrics is crucial for investors.

Zacks’ Research Chief has identified the top stock most likely to double in the near future, among 5 stocks with high potential. This innovative financial firm, with a rapidly growing customer base and cutting-edge solutions, is anticipated to deliver significant gains. Investors can find more information on Zacks.com and access the full report for free.



Read more at Nasdaq: AeroVironment (AVAV) Stock Declines While Market Improves: Some Information for Investors