AeroVironment
The 10-second takeaway
For the quarter ended July 28 (Q1), AeroVironment missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Revenue details
AeroVironment logged revenue of $58.7 million. The 13 analysts polled by S&P Capital IQ predicted revenue of $62.4 million on the same basis. GAAP reported sales were 5.4% lower than the prior-year quarter's $62.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at -$0.06. The 13 earnings estimates compiled by S&P Capital IQ anticipated -$0.02 per share. GAAP EPS were -$0.06 for Q1 against $0.01 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 33.2%, 180 basis points worse than the prior-year quarter. Operating margin was -3.8%, 450 basis points worse than the prior-year quarter. Net margin was -2.4%, 290 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $82.5 million. On the bottom line, the average EPS estimate is $0.29.
Next year's average estimate for revenue is $355.1 million. The average EPS estimate is $1.45.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 583 members out of 603 rating the stock outperform, and 20 members rating it underperform. Among 118 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 117 give AeroVironment a green thumbs-up, and one 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 $29.91.
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