AeroVironment, Inc. (NASDAQ:AVAV) on Tuesday reported worse-than-expected third-quarter financial results. Also, the company lowered its FY2026 sales guidance.
AeroVironment reported quarterly earnings of 64 cents per share, which missed the consensus estimate of 69 cents, according to Benzinga Pro data. Quarterly revenue of $408.05 million missed the Street estimate of $475.63 million by 14.21%.
“While our third quarter results were impacted by revenue timing and adjustments in our Space business, demand for our unique solutions remains robust,” said CEO Wahid Nawabi.
AeroVironment lowered its fiscal 2026 adjusted EPS guidance to $2.75 to $3.10, versus the $3.31 analyst estimate, and lowered its revenue outlook to a new range of $1.85 billion to $1.95 billion, versus the $1.97 billion estimate.
AeroVironment shares dipped 9.2% to $201.17 in pre-market trading.
These analysts made changes to their price targets on AeroVironment following earnings announcement.
- Needham analyst Austin Bohlig maintained AeroVironment with a Buy and lowered the price target from $450 to $400.
- Citizens analyst Trevor Walsh maintained the stock with a Market Outperform and lowered the price target from $400 to $350.
- Baird analyst Peter Arment maintained AeroVironment with an Outperform rating and cut the price target from $260 to $235.
Considering buying AVAV stock? Here’s what analysts think:
Photo via Shutterstock
Recent Comments