NASDAQ$AVAV
AeroVironment Inc. · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
AeroVironment experienced revenue growth and earnings per share increase in the third quarter of fiscal year 2021.
AeroVironment reported a 27% increase in revenue, reaching $78.8 million for the third quarter of fiscal year 2021. Diluted earnings per share increased to $0.01, and non-GAAP diluted earnings per share rose to $0.14.
- Revenue increased by 27% year-over-year, reaching $78.8 million.
- Gross margin increased by 22% year-over-year, totaling $28.6 million.
- Diluted earnings per share increased by $0.05 year-over-year, reaching $0.01.
- Diluted non-GAAP earnings per share increased by $0.15 year-over-year, reaching $0.14.
Headline financials
Revenue & EPS history
AeroVironment · Revenue · Quarterly
$78.8M
Forward guidance
For fiscal year 2021, AeroVironment narrows its revenue expectations to between $400 million and $410 million. The company now expects net income of $18 million to $23 million, adjusted EBITDA of $64 million to $69 million and revised earnings per diluted share of $0.76 to $0.96.
Tailwinds
- Revenue expectations narrowed to between $400 million and $410 million.
- Net income is expected to be $18 million to $23 million.
- Adjusted EBITDA is projected to be $64 million to $69 million.
- Revised earnings per diluted share are expected to be $0.76 to $0.96.
- Non-GAAP earnings per diluted share are anticipated to be between $1.74 and $1.94.
Headwinds
- Revised earnings per diluted share reflect reductions of $0.35 per diluted share for the HAPSMobile Inc. JV impairment of its investment in Loon LLC.
- Revised earnings per diluted share reflect reductions of $0.53 per diluted share for additional acquisition-related expenses and amortization of intangible assets.
- The outlook includes the impact of the two recently closed acquisitions in the fourth quarter of fiscal year 2021.
- The outlook includes the anticipated closing of the third acquisition in the fourth quarter of fiscal year 2021.
- The foregoing estimates are forward-looking and reflect management's view of current and future market conditions, subject to certain risks and uncertainties.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
+0.4%
Avg return
Earnings day
+1.7%
Avg return
5 days after
+3.7%
Avg return
30 days after
45%
29 / 65 earnings
Positive
+29.8%
Q3 2024
Best reaction
-23.1%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -6.2% | -4.4% | -18.9% | |
| Q2 2026 | -12.9% | -16.4% | +29.7% | |
| Q1 2026 | +6.9% | +8.7% | +69.8% | |
| Q4 2025 | +0.0% | -2.8% | +35.3% | |
| Q3 2025 | -4.4% | -13.1% | -21.3% | |
| Q2 2025 | -14.2% | -16.9% | -16.6% | |
| Q1 2025 | -4.4% | -5.9% | +8.2% | |
| Q4 2024 | -7.7% | -8.8% | -9.8% | |
| Q3 2024 | +29.8% | +29.1% | +14.1% | |
| Q2 2024 | -9.5% | -11.0% | -14.0% | |
| Q1 2024 | +17.3% | +15.7% | +8.1% | |
| Q4 2023 | +4.9% | +13.3% | +4.4% | |
| Q3 2023 | +2.3% | +1.4% | +14.0% | |
| Q2 2023 | -7.1% | -7.4% | -7.1% | |
| Q1 2023 | +16.1% | +14.0% | -12.4% | |
| Q4 2022 | -5.9% | +3.7% | +3.0% | |
| Q3 2022 | +2.0% | +3.9% | +29.6% | |
| Q2 2022 | -23.1% | -21.1% | -21.1% | |
| Q1 2022 | -10.7% | -11.6% | -15.7% | |
| Q4 2021 | -9.5% | -11.8% | -9.0% | |
| Q3 2021 | +5.9% | +18.7% | +12.2% | |
| Q2 2021 | -3.1% | -8.0% | -0.4% | |
| Q1 2021 | -6.6% | -6.4% | +3.1% | |
| Q4 2020 | +3.2% | +10.7% | +11.5% | |
| Q3 2020 | +8.1% | +12.6% | -1.0% | |
| Q2 2020 | -3.9% | -2.0% | -1.2% | |
| Q1 2020 | +7.4% | +10.9% | +5.6% | |
| Q4 2019 | -9.6% | -8.2% | -12.2% | |
| Q3 2019 | +9.1% | +2.2% | -11.5% | |
| Q2 2019 | -16.6% | -22.6% | -26.5% | |
| Q1 2019 | +13.7% | +20.7% | +16.1% | |
| Q4 2018 | +14.4% | +22.6% | +29.1% | |
| Q3 2018 | -14.2% | -5.7% | -7.8% | |
| Q2 2018 | +23.8% | +26.5% | +21.9% | |
| Q1 2018 | +19.1% | +25.8% | +37.3% | |
| Q4 2017 | +13.4% | +23.3% | +21.6% | |
| Q3 2017 | +5.8% | +4.8% | +6.6% | |
| Q2 2017 | -3.4% | +1.0% | -8.2% | |
| Q1 2017 | -17.1% | -16.8% | -18.9% | |
| Q4 2016 | -6.1% | -1.5% | +0.0% | |
| Q3 2016 | +5.8% | — | — | |
| Q2 2016 | +13.2% | — | — | |
| Q1 2016 | -11.6% | — | — | |
| Q4 2015 | +11.6% | — | — | |
| Q3 2015 | -8.8% | — | — | |
| Q2 2015 | -5.8% | — | — | |
| Q1 2015 | -8.2% | — | — | |
| Q4 2014 | +11.1% | — | — | |
| Q3 2014 | +25.4% | — | — | |
| Q2 2014 | +8.4% | — | — | |
| Q1 2014 | -3.0% | — | — | |
| Q4 2013 | +3.6% | — | — | |
| Q3 2013 | -10.4% | — | — | |
| Q2 2013 | +14.2% | — | — | |
| Q1 2013 | -5.6% | — | — | |
| Q4 2010 | +2.0% | — | — | |
| Q4 2012 | +2.6% | — | — | |
| Q3 2011 | -2.9% | — | — | |
| Q3 2012 | -6.1% | — | — | |
| Q2 2011 | -2.4% | — | — | |
| Q2 2012 | -1.3% | — | — | |
| Q4 2011 | -6.9% | — | — | |
| Q1 2011 | -6.9% | — | — | |
| Q1 2012 | -0.5% | — | — | |
| Q3 2010 | +3.7% | — | — |
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