AeroVironment Inc reports results for the quarter ended January 31 - Earnings Summary

• AeroVironment Inc AVAV.OQ reported quarterly adjusted earnings of 30 cents​​ per share for the quarter ended January 31, lower than the same quarter last year, when the company reported EPS of 63 cents. The mean expectation of six analysts for the quarter was for earnings of 63 cents per share. Wall Street expected results to range from 39 cents to 93 cents per share.

• Revenue fell 10.2% to $167.64 million from a year ago; analysts expected $196.37 million.

• AeroVironment Inc's reported EPS for the quarter was a loss of 6 cents​.

• The company reported a quarterly loss of $1.75 million.

• AeroVironment Inc shares had fallen by 7.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 27.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the aerospace & defense peer group is also "buy"

Wall Street's median 12-month price target for AeroVironment Inc is $220.00

This summary was machine generated from LSEG data March 5 at 02:26 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)