AeroVironment, Inc. ($AVAV) 1Q21 Earnings Sneak Preview

AeroVironment, Inc. (NASDAQ:AVAV) developer of unmanned aircraft systems, is reporting first quarter earnings results on Wednesday 9th September 2020, after market close.

The consensus estimates from Thomson Reuters are income of $ 0.40 per share from $ 80.48 million in revenue.

For the full year, analysts predict revenues of $ 402.57 million, while looking forward to income of $ 1.88 per share.

The Company Outlook

Full Year 2021 topline are forecasted in a range of$ 390.00 million ~ $ 410.00 million, where as bottomline are predicted in a range of $ 1.74 ~ $ 1.94 per share

Click Here For More Historical Outlooks Of AeroVironment, Inc.

Previous Quarter Performance

AeroVironment, Inc. communicated income for the fourth quarter of $ 0.75 per share, from the revenue of $ 135.22 million. The quarterly earnings escalated 188.46 percent while revenues expanded 53.78 percent compared with the same quarter last year.
According to street consensus, AVAV was expected to report 4Q20 income of $ 0.70 per share from revenue of $ 123.62 million. The bottom line results beat street analysts by $ 0.05 or 7.14 percent, at the same time, top line results outshined analysts by $ 11.60 million or 9.38 percent.

Stock Performance

Shares of AeroVironment, Inc. traded low $ -2.89 or -4.02 percent on Tuesday, reaching $ 68.98 with volume of 193.60 thousand shares. AeroVironment, Inc. has traded high as $ 70.78 and has cracked $ 68.96 on the downward trend

According to the previous trading day, closing price of $ 68.98, representing a 59.71 % increase from the 52 week low of $ 45.00 and a 17.39 % decrease over the 52 week high of $ 87.00.

The company has a market capital of $ 1.66 billion and is part of the Industrial Goods sector and Aerospace/Defense Products & Services industry.

Conference Call

AeroVironment, Inc. will be hosting a conference call at 4:30 PM eastern time on 9th September 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.avinc.com

AeroVironment, Inc. designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company offers unmanned aircraft systems (UAS) and related services primarily to organizations within the U.S.