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 ...

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 ...

The consensus EPS estimate for Rocket Companies has been revised 2.2% lower over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -10.78%. The earnings report, which is expected to be released on August 6, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determ ...

The GMR represents the pinnacle of rugged and cyber-hardened technology. Designed to facilitate real-time situational awareness, the GMR seamlessly integrates information from diverse sources across multiple domains, creating a fully converged operational environment on the battlefield. Offering platform independence, the GMR is adaptable for deployment across aviation and ground vehicle platforms, ensuring versatility and effectiveness in a variety of operational scenarios. V2X builds innovative solutions ...

MCLEAN, Va., July 17, 2024 /PRNewswire/ -- V2X Inc. (NYSE: VVX) proudly announces its award of a $141 million cost-plus-fixed-fee task order to continue providing comprehensive engineering support for Command, Control, Communications, Computer, and Intelligence (C4I) systems. This task order is part of the Navy's Fleet Systems Engineering Team (FSET) program, which V2X has supported for 25 years, ensuring that no U.S. Navy Strike Group or Amphibious Ready Group deploys without V2X. "V2X provides a full rang ...