Precision measurement and sensing technologies provider Vishay Precision (NYSE:VPG) will be announcing earnings results tomorrow before the bell. Here’s what to look for.
Vishay Precision beat analysts’ revenue expectations by 2.4% last quarter, reporting revenues of $75.73 million, down 11.8% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ EBITDA estimates but a miss of analysts’ EPS estimates.
Is Vishay Precision a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Vishay Precision’s revenue to decline 17.7% year on year to $73.64 million, a further deceleration from the 7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.14 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Vishay Precision has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Vishay Precision’s peers in the electronic components segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Belden delivered year-on-year revenue growth of 20.8%, beating analysts’ expectations by 1.7%, and Corning reported revenues up 18.4%, topping estimates by 3%. Belden’s stock price was unchanged after the results, while Corning was down 2.6%.
Read our full analysis of Belden’s results here and Corning’s results here.
There has been positive sentiment among investors in the electronic components segment, with share prices up 2.4% on average over the last month. Vishay Precision is up 4% during the same time and is heading into earnings with an average analyst price target of $27.25 (compared to the current share price of $23.80).
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