On June 30, AeroVironment surged 25.56% in regular trading, trading at $170.58/share, with turnover of $232 million. The rally was driven by the company's fiscal Q4 earnings report, which delivered a substantial double beat on both revenue and earnings.
Specifically, AeroVironment reported Q4 adjusted EPS of $1.84, beating the analyst consensus estimate of $1.46 by 26%. Quarterly revenue came in at $641.6 million, significantly exceeding the $558.8 million estimate, representing year-over-year growth of over 133%. The strong results were supported by multiple U.S. military contract wins, capacity expansion initiatives, and the consolidation of BlueHalo. However, the company's fiscal 2027 guidance of $3.02-$3.34 adjusted EPS on revenue of $2.125-$2.225 billion came in slightly below consensus expectations of $3.84 EPS and $2.16 billion revenue.
Prior to the report, RBC cut its price target on AVAV to $210 from $250 while maintaining an Outperform rating. The analyst consensus mean target stands at $258.88.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)