AeroVironment is a company that makes special airplanes. The price of its stock went up, which is good for people who own the stock. The company will soon tell us how much money it made in the last few months, and people are excited to see the results. AeroVironment's stock is ranked as a buy, which means that experts think it's a good stock to buy. Read from source...

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bullish

The market trend appears to be positive for AeroVironment as its stock price has been performing well in comparison to broader markets. The upcoming earnings release is expected to show growth, and the company's current valuation metrics seem favorable. Additionally, the industry ranks within the top 50% of all industries, which can indicate potential outperformance.

AeroVironment (AVAV) has outperformed the broader market with a 0.21% increase in the latest trading session. The upcoming earnings report on September 4, 2024, will reveal the company's performance. Analysts predict a decline of 39% YoY in earnings, but a 20.94% increase in revenue is expected. For the entire year, the Zacks Consensus Estimates forecast earnings of $3.41 per share and revenue of $813.75 million, indicating changes of +14.05% and +13.54%, respectively, compared to the previous year. AeroVironment's current valuation metrics, including its Forward P/E ratio of 52.07, express a premium compared to the average Forward P/E of 30.25 of its industry. The Aerospace - Defense Equipment industry currently holds a Zacks Industry Rank of 59, positioning it in the top 24% of all 250+ industries.