Vectrus: Q1 Earnings Insights
Vectrus (NYSE:VEC) reported its Q1 earnings results on Tuesday, May 10, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Vectrus beat estimated earnings by 27.85%, reporting an EPS of $1.01 versus an estimate of $0.79.
Revenue was up $22.47 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04 which was followed by a 9.01% drop in the share price the next day.
Here's a look at Vectrus's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.86 | 0.79 | 0.95 | 0.74 |
| EPS Actual | 0.90 | 1.15 | 1.52 | 1.20 |
| Revenue Estimate | 415.00M | 434.00M | 410.00M | 376.95M |
| Revenue Actual | 419.41M | 459.41M | 470.85M | 434.00M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Vectrus management provided guidance for FY 2022, expecting earnings between $4.57 and $4.93 per share.
To track all earnings releases for Vectrus visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.