VSE Q2 2024 Adj. EPS $0.64 Misses $0.65 Estimate, Sales $265.959M Beat $256.446M Estimate
Portfolio Pulse from Benzinga Newsdesk
VSE Corporation (NASDAQ: VSEC) reported Q2 2024 earnings per share (EPS) of $0.64, missing the analyst consensus estimate of $0.65 by 1.54%. However, the company reported quarterly sales of $265.959 million, beating the analyst consensus estimate of $256.446 million by 3.71%. This represents a 29.60% increase over sales of $205.223 million in the same period last year.
July 31, 2024 | 8:57 pm
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VSE Corporation reported Q2 2024 EPS of $0.64, missing the consensus estimate by $0.01. However, sales of $265.959 million beat expectations by 3.71% and showed a significant 29.60% year-over-year increase.
While VSE Corporation's EPS missed the estimate by a small margin, the significant beat in sales and the substantial year-over-year growth in revenue are positive indicators. This mixed result is likely to have a slightly positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100