AeroVironment: Q3 Earnings Insights - AeroVironment (NASDAQ:AVAV)

AeroVironment AVAV reported its Q3 earnings results on Monday, March 4, 2024 at 04:10 PM.

Here's what investors need to know about the announcement.

AeroVironment beat estimated earnings by 91.0%, reporting an EPS of $0.63 versus an estimate of $0.33.

Revenue was up $52.18 million from the same period last year.

Last quarter the company beat on EPS by $0.35 which was followed by a 10.0% drop in the share price the next day.

Here's a look at AeroVironment's past performance:

Quarter	Q2 2024	Q1 2024	Q4 2023	Q3 2023
EPS Estimate	0.62	0.4	1.01	0.41
EPS Actual	0.97	1	0.99	0.33
Revenue Estimate	170.91M	137.24M	164.12M	125.49M
Revenue Actual	180.82M	152.35M	186.04M	134.40M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

AeroVironment management provided guidance for FY 2024, expecting earnings between $2.69 and $2.83 per share.

To track all earnings releases for AeroVironment visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.