AVAV - AeroVironment Earnings: Projecting A Strong Fiscal 2025

2024-03-06 18:26:26 ET

Summary

• AeroVironment, Inc. impresses with three consecutive fiscal year raises and aims for a 14% CAGR in the next fiscal year.
• The current valuation at 49x forward non-GAAP EPS appears reasonable, providing what I see as a fair entry point for investors.
• Despite short-term challenges tied to budget delays, AeroVironment maintains a stable balance sheet with around $70 million in net cash.

Investment Thesis

AeroVironment, Inc. ( AVAV ) continues to delight investors with its three consecutive guidance raises this fiscal year. As we look ahead, management now guides for approximately 14% CAGR for the next fiscal year....

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