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AeroVironment (AVAV) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Equity Research
·2 min read

AeroVironment (AVAV) reported $196.98 million in revenue for the quarter ended April 2024, representing a year-over-year increase of 5.9%. EPS of $0.43 for the same period compares to $0.99 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $187.79 million, representing a surprise of +4.90%. The company delivered an EPS surprise of +104.76%, with the consensus EPS estimate being $0.21.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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Here is how AeroVironment performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenue- Product Sales: $164.60 million versus the two-analyst average estimate of $150.75 million. The reported number represents a year-over-year change of +16.3%.

  • Revenue- Loitering Munitions Systems (LMS): $73.76 million compared to the $61.05 million average estimate based on two analysts.

  • Revenue- Contract Services: $32.38 million versus the two-analyst average estimate of $37.69 million. The reported number represents a year-over-year change of -27.3%.

  • Revenue- Unmanned Systems (UMS): $103.74 million compared to the $109.68 million average estimate based on two analysts.

  • Revenue- MacCready Works (MW): $19.48 million versus the two-analyst average estimate of $18.25 million.

  • Gross margin- Contract services: $11.08 million versus the two-analyst average estimate of $8.66 million.

  • Gross margin- Product sales: $64.55 million versus the two-analyst average estimate of $62.32 million.

View all Key Company Metrics for AeroVironment here>>>

Shares of AeroVironment have returned -3.1% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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Zacks Investment Research