Precision measurement and sensing technologies provider Vishay Precision (NYSE: VPG) will be reporting results this Tuesday before the bell. Here’s what to look for.
Vishay Precision beat analysts’ revenue expectations by 3.1% last quarter, reporting revenues of $75.16 million, down 2.8% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is Vishay Precision a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Vishay Precision’s revenue to grow 1.2% year on year to $76.63 million, a reversal from the 11.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.20 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 only missed Wall Street’s revenue estimates once since going public and has exceeded top-line expectations by 0.7% on average.
Looking at Vishay Precision’s peers in the electronic components segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Vicor delivered year-on-year revenue growth of 18.5%, beating analysts’ expectations by 15.7%, and Bel Fuse reported revenues up 44.8%, topping estimates by 3.7%. Vicor traded up 30.1% following the results while Bel Fuse was down 2.9%.
Read our full analysis of Vicor’s results here and Bel Fuse’s results here.
Investors in the electronic components segment have had steady hands going into earnings, with share prices flat over the last month. Vishay Precision is up 16.8% during the same time and is heading into earnings with an average analyst price target of $41 (compared to the current share price of $37.46).
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