V2X Q3 Adj. EPS $0.73 Beats $0.15 Estimate, Sales $1.00B Beat $966.71M Estimate
Portfolio Pulse from Benzinga Newsdesk
V2X reported Q3 adjusted earnings of $0.73 per share, beating the analyst consensus estimate of $0.15 by 386.67%. However, this is a 45.93% decrease from the same period last year. The company also reported quarterly sales of $1.00 billion, beating the analyst consensus estimate of $966.71 million by 3.44%, marking a 4.37% increase from the same period last year.
November 06, 2023 | 1:06 pm
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NEUTRAL IMPACT
V2X's Q3 earnings and sales beat estimates, but earnings are down 45.93% YoY. Sales are up 4.37% YoY.
While V2X beat Q3 earnings and sales estimates, the significant YoY decrease in earnings could potentially offset the positive impact of beating estimates. The YoY increase in sales is a positive sign, but it's unclear how the market will react to the mixed results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100