AeroVironment Sees FY24 Adj. EPS $2.46-$2.70 Vs $2.72 Est.; Revenue $685M-$705M Vs $676.6M Est.
Portfolio Pulse from Benzinga Newsdesk
AeroVironment forecasts its FY24 adjusted EPS to be between $2.46 and $2.70, which is below the estimated $2.72. However, the company anticipates revenue to be between $685M and $705M, surpassing the estimated $676.6M.

December 05, 2023 | 9:15 pm
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NEUTRAL IMPACT
AeroVironment's FY24 EPS guidance is lower than analyst estimates, which could negatively impact investor sentiment. However, higher revenue guidance could offset some concerns.
The lower EPS guidance suggests potential challenges in profitability or increased expenses, which could lead to a negative perception among investors. However, the higher revenue guidance indicates strong sales performance, which may suggest growth potential and could mitigate the negative impact of the EPS miss. The mixed outlook leads to a neutral score, with high relevance due to the direct mention of financial forecasts and high importance as earnings guidance is crucial for investor decisions. The confidence level is high as the information is clear and directly impacts investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100