Earnings To Watch: VSE Corporation (VSEC) Reports Q1 Results Tomorrow

Aviation and fleet aftermarket services provider VSE Corporation (NASDAQ:VSEC) will be reporting earnings this Tuesday after market hours. Here’s what you need to know.

VSE Corporation beat analysts’ revenue expectations last quarter, reporting revenues of $301.2 million, flat year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

Is VSE Corporation a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting VSE Corporation’s revenue to grow 22.1% year on year, improving from the 6% increase it recorded in the same quarter last year.VSE Corporation Total Revenue

Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing in majority upward revisions over the last 30 days. VSE Corporation rarely misses Wall Street’s revenue estimates.

Looking at VSE Corporation’s peers in the maintenance and repair distributors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. WESCO delivered year-on-year revenue growth of 13.8%, beating analysts’ expectations by 3.7%, and Fastenal reported revenues up 12.4%, in line with consensus estimates. WESCO traded up 16.2% following the results while Fastenal was down 9.3%.

Read our full analysis of WESCO’s results here and Fastenal’s results here.

There has been positive sentiment among investors in the maintenance and repair distributors segment, with share prices up 9.4% on average over the last month. VSE Corporation is down 10.3% during the same time and is heading into earnings with an average analyst price target of $251.86 (compared to the current share price of $171.07).

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