Why AeroVironment Stock Just Crashed 15%
AeroVironment (NASDAQ: AVAV) stock fell 15% through 11:50 a.m. ET Thursday despite beating earnings in its fiscal Q4 2024 report last night. Analysts forecast the maker of small military drones would earn $0.22 per share on $188.6 million in quarterly sales. In fact, AeroVironment earned $0.43 per share on sales of $197 million.
Investors are selling off AV stock regardless.
Nor are they necessarily wrong to do so. AeroVironment's Q4 earnings come with significant caveats -- and its guidance wasn't great, either. First, the $0.43 in "earnings" that the company reported was of the pro forma variety. When calculated according to generally accepted accounting principles (GAAP), AV's Q4 profit was only $0.22 per share -- exactly what Wall Street predicted -- raising questions about whether the company actually "beat earnings" at all.
Source Fool.com
Aerovironment Stock
With 14 Buy predictions and not the single Sell prediction the community is currently very high on Aerovironment.
As a result the target price of 194 € shows a positive potential of 20.57% compared to the current price of 160.9 € for Aerovironment.
