V2X, Inc. (NYSE:VVX ) Q3 2024 Earnings Conference Call November 4, 2024 4:30 PM ET Company Participants Mike Smith - Vice President, Treasury, Investor Relations & Corporate Development Jeremy Wensinger - President & Chief Executive Officer Shawn Mural - Senior Vice President & Chief Financial Officer Conference Call Participants Tobey Sommer - Truist Ken Herbert - RBC Capital Markets Peter Arment - Baird Joe Gomes - Noble Capital Trevor Walsh - Citizens JMP Operator Thank you for joining us for the V2X Third Quarter 2024 Earnings Conference Call and Webcast. Today's call is being recorded.
V2X (VVX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
It secured a $3.7 billion contract with the U.S. Army. This sprawling arrangement will focus on training services and support.
V2X stock gained 11.3% since May, closing in on $54 price target. Revenues in Q2 grew almost 10% driven by demand in the Middle East. EBITDA margins expected to expand to north of 7%. I'm maintaining a buy rating with $55.50 price target for 2024.
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 Quarter 2024 Earnings Conference Call and Webcast. Today's call is being recorded.
V2X (VVX) came out with quarterly earnings of $0.83 per share, missing the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $1.01 per share a year ago.
The consensus price target hints at a 26.9% upside potential for V2X (VVX). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
V2X (VVX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
V2X (VVX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
V2X (VVX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.