Gear Up for AeroVironment (AVAV) Q4 Earnings: Wall Street Estimates for Key Metrics

Wall Street analysts expect AeroVironment (AVAV) to post quarterly earnings of $1.44 per share in its upcoming report, which indicates a year-over-year increase of 234.9%. Revenues are expected to be $243.67 million, up 23.7% from the year-ago quarter.Over the last 30 days, there has been a downward revision of 21.7% 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.Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.That said, let's delve into the average estimates of some AeroVironment metrics that Wall Street analysts commonly model and monitor.Analysts forecast 'Revenue- Product Sales' to reach $198.61 million. The estimate indicates a year-over-year change of +20.7%.According to the collective judgment of analysts, 'Revenue- Loitering Munitions Systems (LMS)' should come in at $133.09 million. The estimate suggests a change of +80.4% year over year.The average prediction of analysts places 'Revenue- Contract Services' at $45.41 million. The estimate indicates a year-over-year change of +40.2%.It is projected by analysts that the 'Revenue- MacCready Works (MW)' will reach $19.93 million. The estimate indicates a change of +2.3% from the prior-year quarter.The combined assessment of analysts suggests that 'Gross margin- Contract services' will likely reach $15.12 million. The estimate is in contrast to the year-ago figure of $11.08 million.The consensus among analysts is that 'Gross margin- Product sales' will reach $81.93 million. The estimate is in contrast to the year-ago figure of $64.55 million.View all Key Company Metrics for AeroVironment here>>>Over the past month, AeroVironment shares have recorded returns of +11.5% versus the Zacks S&P 500 composite's +0.6% change. Based on its Zacks Rank #3 (Hold), AVAV will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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