V2X Inc reports results for the quarter ended in March - Earnings Summary

V2X

07/05/2024 14:32

* V2X Inc  VVX.N  reported quarterly adjusted earnings of 4
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -57
cents.  The mean expectation of six analysts for the quarter was
for a loss of 2 cents per share. Wall Street expected results to
range from -12 cents to 20 cents per share.
    * Revenue rose 7.1% to $1.01 billion from a year ago;
analysts
expected $974.04 million. 
    * V2X Inc's reported EPS for the quarter was 4 cents​.
    * The company reported quarterly net income of $1.14
million.
    * V2X Inc shares had risen by 11.6% this quarter and
gained 12.2%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 107.8% in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the aerospace &
defense
peer group is also "buy"

Wall Street's median 12-month price target for V2X Inc is $61.00
This summary was machine generated from LSEG data May 7 at 01:32
p.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      -0.02          0.04           Beat
 Dec. 31 2023      0.33           -0.01          Missed
 Sep. 30 2023      0.15           -0.21          Missed
 Jun. 30 2023      -0.10          0.06           Beat