VSE Corp reports results for the quarter ended in January - Earnings Summary

VSE

01/08/2024 04:51

* VSE Corp  VSEC.OQ  reported quarterly adjusted earnings of
64
cents​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of 82
cents.  The mean expectation of six analysts for the quarter was
for earnings of 65 cents per share. Wall Street expected
results to range from 58 cents to 73 cents per share.
    * Revenue rose 29.6% to $265.96 million from a year ago;
analysts
expected $256.45 million. 
    * VSE Corp's reported EPS for the quarter was a loss of 16
cents​.
    * The company reported a quarterly loss of $2.78 million.
    * VSE Corp shares had fallen by 1.3% this quarter and
gained 34.8%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.4%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"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 VSE Corp is
$100.00 
This summary was machine generated from LSEG data August 1 at
03:51 a.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
 Jun. 30 2024      0.65           0.64           Missed
 Mar. 31 2024      0.72           0.87           Beat
 Dec. 31 2023      0.75           0.85           Beat
 Sep. 30 2023      0.76           0.92           Beat