Aerospace and defense company AeroVironment (NASDAQ: AVAV) will be reporting earnings this Monday after the bell. Here’s what you need to know.
AeroVironment missed analysts’ revenue expectations last quarter, reporting revenues of $408 million, up 143% year on year. It was a softer quarter for the company, with full-year revenue guidance missing analysts’ expectations significantly and full-year EBITDA guidance missing analysts’ expectations significantly.
Is AeroVironment a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting AeroVironment’s revenue to grow 103% year on year, improving from the 39.6% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. AeroVironment has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at AeroVironment’s peers in the aerospace and defense segment, only HEICO has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 25.3%. The stock traded up 11.5% on the results.
Read our full analysis of HEICO’s earnings results here.There has been positive sentiment among investors in the aerospace and defense segment, with share prices up 4.3% on average over the last month. AeroVironment is down 32.9% during the same time and is heading into earnings with an average analyst price target of $309.88 (compared to the current share price of $139.14).
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