Why AeroVironment Stock Just Crashed 15%
AVAVAeroVironment(AVAV) The Motley Fool·2024-06-28 01:23

At 50 times earnings and a 12% earnings growth rate, AeroVironment stock is simply too expensive to own. AeroVironment (AVAV -12.35%) 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 0.22pershareon0.22 per share on 188.6 million in quarterly sales. In fact, AeroVironment earned 0.43pershareonsalesof0.43 per share on sales of 197 million. Investors are selling off AV stock regardless. AeroVironment Q4 earnings Nor ...