AeroVironment (AVAV) To Report Q2 Earnings: What's In Store?
Zacks Investment Research | Nov 28, 2019 09:43PM ET
AeroVironment, Inc. (NASDAQ:AVAV) is set to release second-quarter fiscal 2020 results on Dec 3, 2019, after market close.
In the last reported quarter, the company delivered a positive earnings surprise of 111.43%, the average four-quarter beat being 86.67%.
Let’s see how things are shaping up prior to this announcement.
Factors at Play
Continuing with its usual trend, AeroVironment secured a handful of contracts in the fiscal second quarter as well. These contract wins include a deal worth $5.3 million for offering Puma3 AE systems and support equipment. Such deal gains might have boosted the company’s backlog count in the to-be-reported quarter.
Meanwhile, AeroVironment successfully launched a few innovative products in the market during the quarter to be reported. In September, it unveiled its VAPOR all-electric Helicopter UAS product line while in October, its Puma All Environment small UAS product line was introduced. Such product rollouts are expected to have aided the company’s top line in the soon-to-be-reported quarter.
In line with this, the Zacks Consensus Estimate for AeroVironment’s second-quarter fiscal revenues is pegged at $80.1 million, indicating a 9.8% improvement from the year-ago reported figure.
AeroVironment, Inc. Price and EPS Surprise
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