Preview: AeroVironment's Earnings
Portfolio Pulse from Benzinga Insights
AeroVironment (NASDAQ:AVAV) is scheduled to release its quarterly earnings report on March 4, 2024, with analysts expecting an EPS of $0.33. The company's past earnings performance shows a mix of beats and misses, with the stock price reacting variably. Last quarter, AeroVironment beat the EPS estimate by $0.35 but saw a 10.15% drop in share price the following day. Over the last 52 weeks, AVAV shares have increased by 48%, indicating a generally positive sentiment among long-term shareholders.
March 01, 2024 | 2:01 pm
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NEUTRAL IMPACT
AeroVironment is expected to report an EPS of $0.33 for the upcoming quarter. Historical data shows variable stock price reactions to earnings reports, with a significant 48% increase in share price over the last year.
Given AeroVironment's mixed past earnings performance and the significant year-over-year share price increase, the short-term impact of the upcoming earnings report is uncertain. While a positive earnings beat and guidance could further boost investor confidence, the historical data suggests that even beating estimates does not guarantee a positive stock price reaction. The importance rating is high due to the potential for earnings to significantly influence stock price, but confidence in the direction of the impact is moderated by past variability.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100