Aerospace and defense company AeroVironment (NASDAQGS:AVAV) will be announcing earnings results tomorrow after market hours. Here’s what investors should know.
AeroVironment beat analysts’ revenue expectations by 8.4% last quarter, reporting revenues of $186.6 million, up 38.8% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ earnings estimates.
Is AeroVironment a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting AeroVironment’s revenue to grow 1.6% year on year to $189.1 million, slowing from the 40.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.21 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. AeroVironment has missed Wall Street’s revenue estimates twice over the last two years.
With AeroVironment being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for aerospace and defense stocks.
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