Aerojet Rocketdyne Earnings Estimate

AJRD
 Stock
  

USD 41.17  0.57  1.40%   

Many public companies, such as Aerojet Rocketdyne, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing Aerojet Rocketdyne's earnings estimates, investors can diagnose different trends across Aerojet Rocketdyne's analyst sentiment over time as well as compare current estimates against different timeframes.
Aerojet Rocketdyne is projected to generate 2.04 in earnings per share on the 31st of December 2021. Aerojet Rocketdyne earnings estimates module stress-tests analyst consensus about projected Aerojet Rocketdyne Holdings EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Please continue to Trending Equities.
  
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The current year Profit Margin is expected to grow to 0.08, whereas Gross Profit is forecasted to decline to about 357.1 M.

Aerojet Rocketdyne Earnings Estimation Breakdown

Calculation of earning per share of Aerojet Rocketdyne is based on official Zacks consensus of 3 analysts regarding Aerojet Rocketdyne future annual earnings. Given the historical accuracy of 72.44%, the future earnings per share of Aerojet Rocketdyne is estimated to be 2.04 with the lowest and highest values of 2.01 and 2.06, respectively. Please note that this consensus of annual earnings estimates for Aerojet Rocketdyne Holdings is an estimate of EPS before non-recurring items and including employee stock options expenses
  Current EPS 1.72
2.01
Lowest
Expected EPS 2.04
2.06
Highest

Aerojet Rocketdyne Earnings Projection Consensus

Suppose the current estimates of Aerojet Rocketdyne's value are higher than the current market price of the Aerojet Rocketdyne stock. In this case, investors may conclude that Aerojet Rocketdyne is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Aerojet Rocketdyne's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyCurrent EPSEPS Estimate for 31st of December 2021

3

72.44%

1.72

2.04

Aerojet Rocketdyne Earnings History

Earnings estimate consensus by Aerojet Rocketdyne analysts from Wall Street is used by the market to judge Aerojet Rocketdyne's stock performance. The investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Aerojet Rocketdyne's upcoming profit reports and earnings-per-share forecasts but also compare them to our different valuation methods.

Aerojet Rocketdyne Quarterly Earnings Before Interest Taxes and Depreciation Amortization EBITDA

56.6 Million

Share
Aerojet Rocketdyne Earnings per Basic Share are projected to increase slightly based on the last few years of reporting. The past year's Earnings per Basic Share were at 1.80. The current year Earnings per Diluted Share is expected to grow to 1.89, whereas Earning Before Interest and Taxes EBIT is forecasted to decline to about 176.4 M. The current year Weighted Average Shares is expected to grow to about 80.8 M. The current year Weighted Average Shares Diluted is expected to grow to about 84 M.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Aerojet Rocketdyne's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Aerojet Rocketdyne in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
39.4341.2042.97
Details
Intrinsic
Valuation
LowReal ValueHigh
37.0549.4851.25
Details
Naive
Forecast
LowNext ValueHigh
41.9443.7145.47
Details
3 Analysts
Consensus
LowTarget PriceHigh
51.0051.0051.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Aerojet Rocketdyne. Your research has to be compared to or analyzed against Aerojet Rocketdyne's peers to derive any actionable benefits. When done correctly, Aerojet Rocketdyne's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Aerojet Rocketdyne.
Note that many institutional investors and large investment bankers can move markets due to the volume of Aerojet assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards Aerojet Rocketdyne. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving Aerojet stock price in the short term.

Aerojet Rocketdyne Earnings per Share Projection vs Actual

Actual Earning per Share of Aerojet Rocketdyne refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Aerojet Rocketdyne Holdings predict the company's earnings will be in the future. The higher the earnings per share of Aerojet Rocketdyne, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Aerojet Rocketdyne Estimated Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Aerojet Rocketdyne, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Aerojet Rocketdyne should always be considered in relation to other companies to make a more educated investment decision.

Aerojet Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact Aerojet Rocketdyne's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2022-05-03
2022-03-310.420.440.02
2022-02-18
2021-12-310.490.43-0.0612 
2021-10-26
2021-09-300.46670.580.113324 
2021-07-26
2021-06-300.43840.590.151634 
2021-04-26
2021-03-310.44230.36-0.082318 
2021-02-18
2020-12-310.45880.470.0112
2020-10-26
2020-09-300.45780.38-0.077816 
2020-07-27
2020-06-300.40170.460.058314 
2020-04-28
2020-03-310.43840.35-0.088420 
2020-02-19
2019-12-310.4560.27-0.18640 
2019-10-29
2019-09-300.44330.35-0.093321 
2019-07-31
2019-06-300.39670.50.103326 
2019-04-30
2019-03-310.250.48290.232993 
2019-02-19
2018-12-310.340.3345-0.0055
2018-10-30
2018-09-300.27250.4340.161559 
2018-07-30
2018-06-300.2750.450.17563 
2018-05-01
2018-03-310.180.180
2018-02-21
2017-12-310.280.1671-0.112940 
2017-11-02
2017-09-300.230.1696-0.060426 
2017-08-03
2017-06-300.1650.320.15593 
2017-05-08
2017-03-310.11330.08-0.033329 
2017-03-01
2016-12-310.350.37440.0244
2016-11-01
2016-09-300.360.1648-0.195254 
2016-08-09
2016-06-300.290.0942-0.195867 
2016-05-10
2016-03-31None0.0794None
2016-02-16
2015-12-310.260.12-0.1453 
2015-10-13
2015-09-300.17-0.62-0.79464 
2015-07-10
2015-06-300.130.260.13100 
2015-04-09
2015-03-310.02-0.07-0.09450 
2015-01-30
2014-12-310.140.150.01
2014-10-10
2014-09-300.14-0.17-0.31221 
2014-07-09
2014-06-300.09-0.87-0.961066 
2014-03-31
2014-03-31None-0.0351None
2014-02-07
2013-12-310.090.01-0.0888 
2013-10-15
2013-09-300.12-0.12-0.24200 
2013-07-09
2013-06-30-0.01-0.2-0.191900 
2013-04-05
2013-03-31None-0.03None
2013-02-12
2012-12-31None0.0475None
2012-10-11
2012-09-30None-0.1609None
2012-06-28
2012-03-310.070.03-0.0457 
2012-02-06
2011-12-310.040.01-0.0375 
2011-09-30
2011-09-30None0.0204None
2011-09-29
2011-06-300.060.02-0.0466 
2011-04-07
2011-03-31-0.050.030.08160 
2011-02-01
2010-12-31None-0.0102None
2010-09-30
2010-09-30None0.0477None
2010-07-08
2010-06-30None0.1669None
2010-03-25
2009-12-31None-0.1521None
2009-10-08
2009-09-30None0.2012None
2009-07-07
2009-06-30None0.1652None
2009-03-27
2008-12-31None0.3193None
2008-09-26
2008-06-300.15-0.05-0.2133 
2008-06-30
2008-03-31-0.120.120.24200 
2008-01-24
2007-12-310.070.240.17242 
2007-09-26
2007-06-300.060.250.19316 
2007-06-27
2007-03-310.060.210.15250 
2007-01-22
2006-12-31-0.05-0.040.0120 
2006-10-04
2006-09-30-0.14-0.24-0.171 
2006-04-10
2006-03-31-0.15-0.29-0.1493 
2006-02-09
2005-12-31-3.72-3.180.5414 
2005-10-07
2005-09-30-0.16-0.080.0850 
2005-07-07
2005-06-30-0.180.060.24133 
2005-03-31
2005-03-31None-0.5351None
2005-02-09
2004-12-31-0.17-0.3-0.1376 
2004-10-15
2004-09-30None-1.0562None
2004-07-15
2004-06-30None-7.0588None
2004-03-31
2004-03-31None-0.4328None
2004-01-28
2003-12-310.150.280.1386 
2003-10-06
2003-09-30-0.06-0.050.0116 
2003-06-26
2003-03-310.150.210.0640 
2003-01-23
2002-12-310.220.280.0627 
2002-10-03
2002-09-300.050.060.0120 
2002-06-25
2002-03-310.110.09-0.0218 
2002-03-06
2001-12-310.330.510.1854 
2001-09-24
2001-06-300.370.12-0.2567 
2001-06-27
2001-03-310.340.350.01
2001-01-16
2000-12-310.320.29-0.03
2000-11-30
2000-09-30None0.1662None
2000-09-18
2000-06-300.280.310.0310 
2000-06-21
2000-03-310.340.32-0.02
2000-01-12
1999-12-310.60.26-0.3456 
1999-11-30
1999-09-30None0.0477None
1999-09-10
1999-06-300.520.530.01
1999-06-16
1999-03-310.590.610.02
1999-03-16
1998-12-310.330.410.0824 
1998-12-17
1998-09-300.610.660.05
1998-09-14
1998-06-300.460.560.121 
1998-06-16
1998-03-310.450.510.0613 
1998-01-15
1997-12-310.510.520.01
1997-09-16
1997-06-300.420.490.0716 
1997-06-16
1997-03-310.450.490.04
1997-01-14
1996-12-310.450.60.1533 
1996-09-18
1996-06-300.370.420.0513 
1996-06-14
1996-03-310.350.380.03

About Aerojet Rocketdyne Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Aerojet Rocketdyne earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Aerojet Rocketdyne estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Aerojet Rocketdyne fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for 2022
Accumulated Retained Earnings Deficit102.6 M110.7 M
Earning Before Interest and Taxes EBIT215.1 M176.4 M
Earnings per Basic Share 1.80  1.94 
Earnings per Diluted Share 1.75  1.89 
Price to Earnings Ratio 25.98  28.03 
Earnings Before Interest Taxes and Depreciation Amortization EBITDA276.5 M241.9 M
Earnings before Tax195 M210.4 M
Aerojet Rocketdyne Holdings, Inc. designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. Aerojet Rocketdyne Holdings, Inc. was incorporated in 1915 and is headquartered in El Segundo, California. Aerojet Rocketdyne operates under Aerospace Defense classification in the United States and is traded on New York Stock Exchange. It employs 5000 people.

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Our tools can tell you how much better you can do entering a position in Aerojet Rocketdyne without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Aerojet Rocketdyne

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aerojet Rocketdyne position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aerojet Rocketdyne will appreciate offsetting losses from the drop in the long position's value.

Aerojet Rocketdyne Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Aerojet Rocketdyne could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aerojet Rocketdyne when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aerojet Rocketdyne - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aerojet Rocketdyne Holdings to buy it.
The correlation of Aerojet Rocketdyne is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aerojet Rocketdyne moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aerojet Rocketdyne moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aerojet Rocketdyne can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to Trending Equities. Note that the Aerojet Rocketdyne information on this page should be used as a complementary analysis to other Aerojet Rocketdyne's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

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Is Aerojet Rocketdyne's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Aerojet Rocketdyne. If investors know Aerojet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Aerojet Rocketdyne listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.51
Market Capitalization
3.3 B
Quarterly Revenue Growth YOY
0.03
Return On Assets
0.0679
Return On Equity
0.37
The market value of Aerojet Rocketdyne is measured differently than its book value, which is the value of Aerojet that is recorded on the company's balance sheet. Investors also form their own opinion of Aerojet Rocketdyne's value that differs from its market value or its book value, called intrinsic value, which is Aerojet Rocketdyne's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Aerojet Rocketdyne's market value can be influenced by many factors that don't directly affect Aerojet Rocketdyne's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Aerojet Rocketdyne's value and its price as these two are different measures arrived at by different means. Investors typically determine Aerojet Rocketdyne value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aerojet Rocketdyne's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.