VSE Corp Shares Plunge 7% on Q4 Miss
<p><a href='https://financialmodelingprep.com/financial-summary/VSEC'>VSE Corp. (NASDAQ:VSEC)</a> shares dropped nearly 7% on Thursday after the company reported its Q4 results, with EPS coming in at $0.68, worse than the Street estimate of $0.75. Revenue was $234.3 million, missing the Street estimate of $237.8 million.</p>
<p>According to the analysts at RBC Capital, the Fed/Defense business was the primary headwind, while results in the Aviation and Fleet segments were encouraging. </p>
<p>The analysts believe the stock reaction was overdone, but the 2023 free cash flow, leverage and portfolio outlook will limit near-term upside. The analysts think the aviation assets will eventually drive multiple expansions, but they reiterate their Sector Perform rating and $50 price target.</p>

NASDAQ:VSEC