AVAV Stock Recent News

AeroVironment is a critical player in modern defense, driven by innovative drone technologies like the Switchblade and strong international demand. The company's recent earnings show robust growth, supported by major defense contracts, strategic M&A, and international partnerships. Despite short-term EPS declines due to scaling, AVAV's long-term outlook is strong, with expectations of sustained double-digit growth.

While the top- and bottom-line numbers for AeroVironment (AVAV) give a sense of how the business performed in the quarter ended July 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

AeroVironment, Inc. (NASDAQ:AVAV ) Q1 2025 Earnings Conference Call September 4, 2024 4:30 PM ET Company Participants Jonah Teeter-Balin - Vice President of Corporate Development and Investor Relations Wahid Nawabi - Chairman, President, and Chief Executive Officer Kevin McDonnell - Senior Vice President and Chief Financial Officer Conference Call Participants Ken Herbert - RBC Capital Markets Peter Arment - Robert W. Baird Louie DiPalma - William Blair Peter Skibitski - Alembic Global Andre Madrid - BTIG Operator Good day and thank you for standing by.

AeroVironment (AVAV) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $1 per share a year ago.

AeroVironment cleared fiscal Q1 forecasts, but the drone maker reaffirmed full-year guidance, which is below consensus.

ARLINGTON, Va.--(BUSINESS WIRE)--AeroVironment, Inc. (“AeroVironment” or the “Company”) reported today financial results for the fiscal first quarter ended July 27, 2024. First Quarter Highlights: Record first quarter revenue of $189.5 million up 24% year-over-year First quarter net income of $21.2 million and adjusted EBITDA of $37.2 million In August 2024 awarded U.S. Army Lethal Unmanned Systems Indefinite Delivery, Indefinite Quantity (“IDIQ”) with a record contract ceiling value of $990 mi.

Evaluate the expected performance of AeroVironment (AVAV) for the quarter ended July 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

AeroVironment, Inc.'s $1 billion U.S. Army contract significantly boosts its growth outlook and EBITDA margins, positioning it for sustained revenue visibility this decade. The contract win underscores AeroVironment's ability to secure large deals, enhancing its backlog and operational efficiency, especially for its Switchblade drone. With projected 17% top-line growth and 20% EBITDA growth, AeroVironment's valuation is now attractive, justifying a Buy rating with 15-17% upside potential.

The U.S. Army will pay AeroVironment $990 million over five years for tank-killing drones. The new contract is worth more than all of AeroVironment's revenues over the past year.

AeroVironment (AVAV) reachead $177.76 at the closing of the latest trading day, reflecting a +0.21% change compared to its last close.