AeroVironment Raises Fiscal Year 2024 Revenue Guidance, Stock Jumps 38%
Friday, 8 March 2024, 13:01
AeroVironment raises guidance, again
AeroVironment's fiscal year finishes at the end of April. The company raised revenue guidance on every single earnings call through its financial year, highlighting the growing demand for its unmanned systems.
High growth, high valuation
Investors are willing to pay a premium for AeroVironment's growth potential, with the stock trading at 63 times the high end of its adjusted earnings guidance. Despite challenges in the defense industry, AeroVironment remains a compelling investment option due to its revenue prospects and ongoing market demand.
- Boeing, RTX, and Lockheed Martin facing margin challenges
- AeroVironment's funded backlog at $463 million
- Considerations before investing in AeroVironment
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.