V2X (VVX) Misses Q2 Earnings Estimates

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]