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Investors Who Bought Astronics (NASDAQ:ATRO) Shares A Year Ago Are Now Up 78%

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Astronics Corporation (NASDAQ:ATRO) shareholders have seen the share price descend 14% over the month. But that doesn't change the reality that over twelve months the stock has done really well. After all, the share price is up a market-beating 78% in that time.

View our latest analysis for Astronics

Astronics isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. When a company doesn't make profits, we'd generally expect to see good revenue growth. As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth.

Astronics actually shrunk its revenue over the last year, with a reduction of 37%. Despite the lack of revenue growth, the stock has returned a solid 78% the last twelve months. We can correlate the share price rise with revenue or profit growth, but it seems the market had previously expected weaker results, and sentiment around the stock is improving.

The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).

earnings-and-revenue-growth
earnings-and-revenue-growth

We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. You can see what analysts are predicting for Astronics in this interactive graph of future profit estimates.

A Different Perspective

We're pleased to report that Astronics shareholders have received a total shareholder return of 78% over one year. There's no doubt those recent returns are much better than the TSR loss of 7% per year over five years. The long term loss makes us cautious, but the short term TSR gain certainly hints at a brighter future. It's always interesting to track share price performance over the longer term. But to understand Astronics better, we need to consider many other factors. For instance, we've identified 1 warning sign for Astronics that you should be aware of.

Astronics is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.