AeroVironment Shares Drop 2.6%, Underperform Sector; March EPS Estimated at $0.68
AeroVironment shares slid 2.61% to $220.56, underperforming the S&P 500 and falling almost 12% over the past month while its sector rose 7.46%. Analysts project March 10 EPS of $0.68 (+126.7% YoY) on $472.98 M revenue (+182.1%), with a forward P/E of 69.96 versus 37.43 industry.
1. Stock Performance Decline
AeroVironment shares closed at $220.56 on March 5, down 2.61% from the prior session and underperforming the S&P 500’s 0.57% drop. Over the past month, shares have fallen 11.98% while the broader Aerospace sector gained 7.46%.
2. Upcoming Earnings Estimates
Analysts forecast the March 10 quarter will deliver EPS of $0.68, up 126.67% year-over-year, on revenue of $472.98 million, a 182.14% increase. Full-year consensus calls for $3.24 in EPS and $1.97 billion in revenue.
3. Valuation Metrics
The company trades at a forward P/E of 69.96, well above the Aerospace-Defense Equipment industry average of 37.43. Its PEG ratio stands at 3.58 versus the industry’s 2.22, reflecting the high growth outlook priced in.
4. Consensus Revisions and Zacks Rank
Zacks Consensus EPS estimates for AeroVironment dropped 6.53% over the past 30 days, contributing to a Zacks Rank #5 (Strong Sell). The Aerospace-Defense Equipment industry holds a Zacks Industry Rank of 66, placing it in the top 27% of sectors.