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AeroVironment beat expectations with a surge in sales of Switchblade drones, driving revenue growth in their Loitering Munition Systems segment. Margins and profitability significantly improved, with gross margins rising to ~40% and adjusted EBITDA increasing by 42%. Despite strong demand, potential headwinds such as heightened competition and delays in contracts lead to a recommendation to hold the stock for now.
AeroVironment, Inc. (NASDAQ:AVAV ) Q4 2024 Earnings Conference Call June 26, 2024 4:30 PM ET Company Participants Jonah Teeter-Balin - Senior Director, Corporate Development & Investor Relations Wahid Nawabi - Chairman, President & Chief Executive Officer Kevin McDonnell - Senior Vice President & Chief Financial Officer Conference Call Participants Greg Konrad - Jefferies Peter Arment - Baird Ken Herbert - RBC Bryce Sandberg - William Blair Andre Madrid - BTIG Operator Good day, and thank you for standing by. Welcome to the AeroVironment Fourth Quarter and Full Fiscal Year 2024 Conference Call.
The headline numbers for AeroVironment (AVAV) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
AeroVironment (AVAV) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.99 per share a year ago.
AeroVironment stock tumbled late Wednesday after the drone and missile maker posted a 57% drop in Q4 earnings. The outlook was in-line with views.
ARLINGTON, Va.--(BUSINESS WIRE)--AeroVironment, Inc. (“AeroVironment” or the “Company”) reported today financial results for the fiscal fourth quarter and year ended April 30, 2024. Fourth Quarter and Fiscal Year Highlights: Record fourth quarter revenue of $197.0 million and fiscal year revenue of $716.7 million, up 6% and 33%, year-over-year, respectively Fourth quarter net income of $6.0 million and adjusted EBITDA of $22.2 million and fiscal year net income of $60.0 million and adjusted EBI.
AeroVironment stock has a new drone, the gas-powered JUMP 20. It also has a very high stock price: 83 times forward earnings.
Beyond analysts' top -and-bottom-line estimates for AeroVironment (AVAV), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended April 2024.
ARLINGTON, Va.--(BUSINESS WIRE)---- $AVAV #JUMP20--AV Successfully Flight Tests JUMP 20 VTOL UAS with a Heavy Fuel Engine.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?