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VSE (VSEC) Soars 6%: Is Further Upside Left in the Stock?

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VSE VSEC shares ended the last trading session 6% higher at $45.74. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 9.4% gain over the past four weeks.

The recent uptick in VSE Corp.’s share price can be attributed to its first-quarter earnings call on Apr 30. With the announcement came a detailed discussion on benefits of the company’s distribution agreement worth $1 billion, which it has signed recently with a global aircraft engine manufacturer.

Price and Consensus

Price Consensus Chart for VSEC
Price Consensus Chart for VSEC

This supply and logistics company is expected to post quarterly earnings of $0.54 per share in its upcoming report, which represents a year-over-year change of -10%. Revenues are expected to be $164.65 million, down 2.4% from the year-ago quarter.

Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.

For VSE, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on VSEC going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank 3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>


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