AeroVironment's Guidance Keeps Getting Better Despite Its ~2x EPS Growth [Seeking Alpha]
AeroVironment, Inc. (AVAV)
Last aerovironment, inc. earnings: 3/3 04:10 pm
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US:NASDAQ Investor Relations:
investor.avinc.com/investor-relations
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Source: Seeking Alpha
Revenue from the LMS segment, including Switchblade drones, more than doubled, while UMS segment growth moderated. The company is well positioned to win more contracts especially for its Switchblade drones and its VTOL drone systems. Investment thesis AeroVironment ( NASDAQ: AVAV reported its Q3 FY24, which significantly outperformed consensus expectations, with its 91% growth in non-GAAP EPS pleasantly surprising me as well. But the surprises on the upside didn't just stop there, with the drone maker raising its guidance for the remainder of the year while hinting at some strong growth as it heads into FY25. These results were a significant improvement from my first research note on AeroVironment a couple of months ago, where I mentioned that AeroVironment was a buy I still believe AeroVironment is well positioned for secular growth, and I maintain my Buy rating on the stock. Updates to AeroVironment's business model AeroVironment is a defense technology company that i
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AVAV
News
- Global Drone Market to Surpass USD 166.70 Billion by 2031 | Skyquest Technology [Yahoo! Finance]Yahoo! Finance
- 14 Strongest Military Forces in the Middle East [Yahoo! Finance]Yahoo! Finance
- Why AeroVironment Stock Just Popped [Yahoo! Finance]Yahoo! Finance
- AV Unveils New AI Capability and Autonomy Kit for Unmanned SystemsBusiness Wire
- Global High-Altitude Aeronautical Platform Station (HAAPS) Industry Report 2024: Increase in Digitalization in Defense Presents Opportunities - Analysis & Forecasts 2023-2033 [Yahoo! Finance]Yahoo! Finance
AVAV
Earnings
- 3/4/24 - Beat
AVAV
Sec Filings
- 4/8/24 - Form 4
- 4/8/24 - Form 4
- 4/8/24 - Form 4
- AVAV's page on the SEC website