AeroVironment Sees FY24 Adj. EPS $2.30-$2.60 vs $2.60 Est., Revenue $645M-$675M vs $655.88M Est.
Portfolio Pulse from Benzinga Newsdesk
AeroVironment has provided its FY24 adjusted EPS guidance in the range of $2.30-$2.60, which is lower than the estimated $2.60. The company also expects its revenue to be between $645M-$675M, compared to the estimated $655.88M.
September 05, 2023 | 8:13 pm
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NEGATIVE IMPACT
AeroVironment's FY24 adjusted EPS guidance is lower than the estimated $2.60, which could negatively impact the stock. However, the revenue guidance is in line with estimates, which could offset some of the negative impact.
A lower than expected EPS guidance often leads to a negative reaction in the stock market as it indicates lower profitability. However, the revenue guidance being in line with estimates could mitigate some of the negative impact as it indicates the company's sales are as expected.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100