AeroVironment Q4 EPS $0.99 Misses $1.01 Estimate, Sales $186.04M Beat $164.12M Estimate
Portfolio Pulse from Benzinga Newsdesk
AeroVironment (NASDAQ:AVAV) reported Q4 earnings of $0.99 per share, missing the analyst consensus estimate of $1.01 by 1.98 percent. However, the company's quarterly sales of $186.04 million beat the analyst consensus estimate of $164.12 million by 13.36 percent. This represents a 230 percent increase in earnings and a 40.28 percent increase in sales compared to the same period last year.
June 27, 2023 | 8:14 pm
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NEUTRAL IMPACT
AeroVironment's Q4 earnings missed estimates but sales exceeded expectations. Earnings and sales have significantly increased compared to last year.
While AeroVironment missed earnings estimates, the company beat sales estimates and showed significant year-over-year growth in both earnings and sales. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100