AeroVironment Sees FY24 Adj. EPS $2.69-$2.83 Vs $2.73 Est.; Revenue $700M-$710M Vs $700.833M Est.
Portfolio Pulse from Benzinga Newsdesk
AeroVironment projects its FY24 adjusted EPS to be between $2.69 and $2.83, compared to the estimated $2.73. The company also forecasts revenue to be in the range of $700M to $710M, versus the estimated $700.833M.
March 04, 2024 | 9:14 pm
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AeroVironment forecasts a FY24 adjusted EPS range of $2.69-$2.83, slightly above the consensus estimate of $2.73, and revenue projections of $700M-$710M, closely matching the estimated $700.833M.
AeroVironment's projected EPS for FY24 slightly exceeds the consensus estimate, indicating potential profitability that could positively influence investor sentiment and stock price. The revenue forecast closely matches analyst expectations, suggesting stability and accuracy in the company's financial projections. These factors combined are likely to have a positive short-term impact on AeroVironment's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100