AeroVironment (AVAV) stock price increases by 1.3%, outperforming S&P 500 and Aerospace sector

From Nasdaq: 2024-05-24 18:15:09

In the latest trading session, AeroVironment (AVAV) closed at $199.77, showing a +1.3% increase from the previous day. The stock outperformed the S&P 500 with the Dow only gaining 0.01% and Nasdaq adding 1.1%. AeroVironment shares have seen a 26.71% increase in the past month, surpassing the Aerospace sector and S&P 500.

Investors await AeroVironment’s upcoming earnings report, expecting EPS of $0.21, a 78.79% decrease from the previous year. Estimated revenue is $187.79 million, up 0.94% from the previous year. Positive analyst estimate revisions may indicate optimism about the company’s future performance. AeroVironment currently holds a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 57.66.

The Aerospace – Defense Equipment industry ranks in the top 29% of all industries, as per the Zacks Industry Rank assessment. With over 250 industries evaluated, the AeroVironment sector poses as a strong performing group. For further industry metrics and insights, visit Zacks.com. Additionally, download Zacks’ free Special Report for insights on how the stock market might respond to the 2020 Presidential Election.



Read more at Nasdaq: AeroVironment (AVAV) Beats Stock Market Upswing: What Investors Need to Know