Dublin, Sept. 03, 2024 (GLOBE NEWSWIRE) -- The "Anti-Collision Sensors - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The global market for Anti-Collision Sensors was estimated at US$18.0 Billion in 2023 and is projected to reach US$61.0 Billion by 2030, growing at a CAGR of 19.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. As the automotive ...

MCLEAN, Va., Aug. 26, 2024 /PRNewswire/ -- V2X, Inc. (NYSE: VVX) announces that it has been awarded a single award indefinite-delivery/indefinite-quantity contract valued at $747 million. The F-5 aircraft play a crucial role in training naval pilots by providing adversary combat tactics and simulation capabilities. This advanced training environment ensures that pilots are well-prepared for real-world scenarios, enhancing their combat readiness and proficiency. The use of F-5s in an aggressor-training role ...

The company announced the latest cooperation with a client of long standing. Integrated defense company V2X (VVX 3.92%) was a popular title on the stock exchange in recent days. Following its news of a big-ticket government contract, investors flocked to V2X shares. This rocketed their price up by more than 15% week to date as of Friday before market open, according to data compiled by S&P Global Market Intelligence. A new 10-figure contract Wednesday was an exciting day for V2X. That's when the defense com ...

Michael Fitzsimmons In May, I covered V2X (NYSE:VVX) and maintained my buy rating and since then, the stock has gained 11.3%, closing in on my $54 price target. The stock price received a 13.5% push on the 21st of August as the US Army placed a $3.2 billion task order with V2X. In this report, I will be discussing the most recent earnings, outlook and assessing the rating and stock price target. V2X Sales And Earnings Are Slowly Increasing On A Sequential Basis V2X V2X is not a company that develops state-o ...

| --- | --- | --- | --- | |------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | Second Quarter 2024 Results | | | | | | | | | | TRUSTED WHEREVER THE MISSION LEADS | | | | | August 6, 2024 | | | | Disclaimers FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), and Section 27A of the Securities Act of 1933, as amended ...

V2X, Inc. (NYSE:VVX) Q2 2024 Earnings Call August 6, 2024 8:00 AM ET Company Participants Mike Smith - Vice President, Treasury, Investor Relations and Corporate Development Jeremy Wensinger - President and Chief Executive Officer Shawn Mural - Senior Vice President and Chief Financial Officer Conference Call Participants Joe Gomes - Noble capital Tobey Sommer - Truist Ken Herbert - RBC Capital Markets Trevor Walsh - Citizens JMP Bert Subin - Stifel Operator Thank you for joining us for the V2X Second Quart ...

Group 1: Earnings Performance - V2X reported quarterly earnings of $0.83 per share, missing the Zacks Consensus Estimate of $0.84 per share, and down from $1.01 per share a year ago, representing an earnings surprise of -1.19% [1] - The company posted revenues of $1.07 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 5.11%, compared to year-ago revenues of $977.85 million [2] - Over the last four quarters, V2X has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2] Group 2: Stock Performance and Outlook - V2X shares have added about 1.3% since the beginning of the year, underperforming the S&P 500's gain of 8.7% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $1.06 on $1.05 billion in revenues, and for the current fiscal year, it is $4.09 on $4.17 billion in revenues [7] Group 3: Industry Context - The Zacks Industry Rank indicates that the Technology Services sector is currently in the top 40% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8] - The estimate revisions trend for V2X is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6]

Financial Results - V2X, Inc. reported financial results for Q2 2024, with significant metrics included in the press release dated August 6, 2024[3] - Specific financial figures and performance metrics were detailed in the press release, highlighting key areas of growth and investment[3] Guidance - The company provided guidance for fiscal 2024, indicating expectations for revenue growth and operational improvements[3]

Second Quarter and Recent Highlights Record revenue of $1.07 billion, up 10% y/y Operating income of $27.4 million; adjusted operating income1 of $65.8 million Net loss of $6.5 million, down $8.3 million y/y Adjusted EBITDA1 of $72.3 million with a margin1 of 6.7% Diluted EPS of ($0.21); Adjusted diluted EPS1 of $0.83 Over $4 billion of recent awards, including a new award valued up to $3.0+ billion to provide next generation readiness Successfully repriced and extended $904 million Term Loan B 2024 Guidanc ...

This government services company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 17.01%. Price and EPS Surprise Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could b ...