AeroVironment AVAV reported its Q3 earnings results on Monday, March 4, 2024 at 04:10 PM.
Here's what investors need to know about the announcement.
Earnings
AeroVironment beat estimated earnings by 91.0%, reporting an EPS of $0.63 versus an estimate of $0.33.
Revenue was up $52.18 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.35 which was followed by a 10.0% drop in the share price the next day.
Here's a look at AeroVironment's past performance:
Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
---|---|---|---|---|
EPS Estimate | 0.62 | 0.4 | 1.01 | 0.41 |
EPS Actual | 0.97 | 1 | 0.99 | 0.33 |
Revenue Estimate | 170.91M | 137.24M | 164.12M | 125.49M |
Revenue Actual | 180.82M | 152.35M | 186.04M | 134.40M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
AeroVironment management provided guidance for FY 2024, expecting earnings between $2.69 and $2.83 per share.
To track all earnings releases for AeroVironment visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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