The 10-second takeaway
For the quarter ended April 30 (Q4), AeroVironment beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly. GAAP earnings per share shrank to a loss.
Margins dropped across the board.
AeroVironment tallied revenue of $54.1 million. The 12 analysts polled by S&P Capital IQ predicted revenue of $51.3 million on the same basis. GAAP reported sales were 51% lower than the prior-year quarter's $110.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.04. The nine earnings estimates compiled by S&P Capital IQ forecast -$0.07 per share. GAAP EPS were -$0.04 for Q4 compared to $0.79 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 32.8%, much worse than the prior-year quarter. Operating margin was -11.0%, much worse than the prior-year quarter. Net margin was -1.5%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $49.6 million. On the bottom line, the average EPS estimate is -$0.05.
Next year's average estimate for revenue is $247.5 million. The average EPS estimate is $0.56.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 626 members out of 649 rating the stock outperform, and 23 members rating it underperform. Among 130 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 127 give AeroVironment a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AeroVironment is hold, with an average price target of $20.22.
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