Recap: AeroVironment Q4 Earnings
Portfolio Pulse from Benzinga Insights
AeroVironment (NASDAQ:AVAV) reported its Q4 earnings results, missing estimated earnings by 1.98% with an EPS of $0.99 versus an estimate of $1.01. However, revenue was up $53.42 million from the same period last year. Last quarter, the company also missed on EPS by $0.08, which was followed by a 4.24% increase in the share price the next day.
June 27, 2023 | 8:15 pm
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NEUTRAL IMPACT
AeroVironment's Q4 earnings missed estimates, but revenue increased YoY. Previous earnings miss led to a share price increase.
AeroVironment missed its Q4 earnings estimates, which could negatively impact the stock. However, the company's revenue increased compared to the same period last year, which is a positive sign. Additionally, the last time the company missed its earnings estimates, the stock price increased the following day. Therefore, the impact on the stock price could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100