V2X (VVX) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.56%. A quarter ago, it was expected that this government services company would post earnings of $0.84 per share when it actually produced earnings of $0.83, delivering a surprise of -1.19%.Over the last four quarters, the c ...

Third Quarter Highlights Record revenue of $1.08 billion, up 8% y/y Indo-Pacific revenue growth of 31% y/y driven by increased demand Operating income of $49.9 million; Adjusted operating income1 of $76.9 million Record net income of $15.1 million, up $21.5 million y/y; Adjusted net income1 of $41.3 million, up 76% y/y Record adjusted EBITDA1 of $82.7 million, up 28% y/y with a margin of 7.6% Diluted EPS of $0.47; Adjusted diluted EPS1 of $1.29, up 77% y/y2024 Guidance: Raising full-year revenue and adjuste ...

Financial Results Announcement - V2X, Inc. will report its third quarter 2024 financial results on November 4, 2024, after market close [1] - A conference call with senior management is scheduled for 4:30 p.m. ET on the same day [1] Conference Call Details - U.S.-based participants can dial in at 877-506-6380, while international participants can call 412-542-4198 [2] - A live webcast and accompanying slide presentation will be available on the V2X website [2] Replay Information - A replay of the conference call will be posted on the V2X website shortly after the call and will be available for one year [3] - Telephonic replay will be available until November 18, 2024, at 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 10193464 [3] Company Overview - V2X builds innovative solutions that integrate physical and digital environments, enhancing readiness and optimizing resource management [4] - The company employs approximately 16,000 professionals and focuses on national security, defense, civilian, and international markets [4] - V2X incorporates AI and machine learning capabilities to address challenges across all operational domains [4]

V2X (VVX) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. The power of a chang ...

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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]