🌟📊Drone market opportunities!✈️
AeroVironment, Inc. $AVAV is an American technology company specializing in the manufacture of unmanned aerial vehicles (drones) and advanced systems for the aerospace and defense industry. With an innovative approach and a focus on developing cutting-edge technology, it provides its products to both commercial customers and government organizations worldwide. The company is known for its reliable and effective solutions that play a key role in reconnaissance, monitoring and defence operations.
The company reported quarterly earnings of$0.43 per share, beating estimates of $0.21. By comparison, a year ago, earnings were $0.99 per share. This result delivered an earnings surprise of 104,76 %.
The previous quarter, the market expected earnings of $0.32 per share, while actual earnings were $0.63, a surprise 96,88 %. Over the past four quarters ,AeroVironment has beaten consensus earnings per share estimates four times.
The company had revenue of$196.98 million for the quarter ended April 2024, beating the consensus estimate by 4,90 %. This is again evidence of growth compared to the previous year, when sales were $186.04 million. In addition ,AeroVironment shares have added approximately 52,9 %.
The current consensus earnings per share estimate for the upcoming quarter is USD 0.65 on revenue 191.65 million USD. For the full fiscal year, the earnings per share estimate is USD 3.42 on sales of $808.36 million.
The arms sector, in which AeroVironment has a strong market position.
AAR $AIR of this sector has not yet reported results for the quarter ending May 2024. However, its quarterly earnings are expected to be $0.86 per share, representing a year-over-year change +3,6 %.AAR 's revenue is expected to be$660.12 million, up 19,3 % up from the previous quarter.
Do you know any drone manufacturers? What do you think of Czech Primoco UAV, which has announced another major order?
This looks very interesting and I will be glad for more posts about this company.
I have to admit that at first glance the company seems to be on a very good path. its profitability is growing and is even in positive territory, which is not something you see much of in companies of this type. The debt is not very high either. It may turn out well here :)