Countdown to AeroVironment (AVAV) Q2 Earnings: Wall Street Forecasts for Key Metrics

Wall Street analysts expect AeroVironment (AVAV) to post quarterly earnings of $0.85 per share in its upcoming report, which indicates a year-over-year increase of 80.9%. Revenues are expected to be $477.43 million, up 153.3% from the year-ago quarter.Over the last 30 days, there has been a downward revision of 1.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.Given this perspective, it's time to examine the average forecasts of specific AeroVironment metrics that are routinely monitored and predicted by Wall Street analysts.Analysts expect 'Revenue- Contract Services' to come in at $152.12 million. The estimate indicates a change of +308.6% from the prior-year quarter.The combined assessment of analysts suggests that 'Revenue- Product Sales' will likely reach $308.97 million. The estimate points to a change of +104.3% from the year-ago quarter.Analysts' assessment points toward 'Gross margin- Contract services' reaching $27.00 million. The estimate is in contrast to the year-ago figure of $9.46 million.Based on the collective assessment of analysts, 'Gross margin- Product sales' should arrive at $89.94 million. The estimate compares to the year-ago value of $64.18 million. View all Key Company Metrics for AeroVironment here>>> Shares of AeroVironment have experienced a change of -22.5% in the past month compared to the +0.1% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), AVAV is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Zacks' Research Chief Picks Stock Most Likely to "At Least Double"Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren’t winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%.See Our Top Stock to Double (Plus 4 Runners Up) >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AeroVironment, Inc. (AVAV): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks