AeroVironment Beats Analyst Estimates on EPS
AeroVironment (NAS: AVAV) reported earnings on June 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q4), AeroVironment met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share improved.
Margins dropped across the board.
AeroVironment booked revenue of $110.7 million. The 13 analysts polled by S&P Capital IQ predicted a top line of $111.3 million on the same basis. GAAP reported sales were 4.4% higher than the prior-year quarter's $106.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.80. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.71 per share. GAAP EPS of $0.80 for Q4 were 1.3% higher than the prior-year quarter's $0.79 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 44.8%, 350 basis points worse than the prior-year quarter. Operating margin was 23.3%, 240 basis points worse than the prior-year quarter. Net margin was 16.1%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $67.1 million. On the bottom line, the average EPS estimate is $0.05.
Next year's average estimate for revenue is $348.2 million. The average EPS estimate is $1.38.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 581 members out of 599 rating the stock outperform, and 18 members rating it underperform. Among 112 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 111 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 $31.40.
Over the decades, small-cap stocks, like AeroVironment have provided market-beating returns, provided they're value priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.
- Add AeroVironment to My Watchlist.
The article AeroVironment Beats Analyst Estimates on EPS originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Motley Fool newsletter services have recommended buying shares of AeroVironment. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.