Semiconductor manufacturer Vishay Intertechnology (NYSE: VSH) will be reporting results this Wednesday before market hours. Here’s what investors should know.
Vishay Intertechnology missed analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $715.2 million, down 4.2% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and revenue guidance for next quarter meeting analysts’ expectations.
Is Vishay Intertechnology a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Vishay Intertechnology’s revenue to grow 3% year on year to $763.1 million, a reversal from the 16.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.02 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Vishay Intertechnology’s peers in the analog semiconductors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Impinj’s revenues decreased 4.5% year on year, beating analysts’ expectations by 4.3%, and Universal Display reported revenues up 8.4%, topping estimates by 6.1%. Impinj traded up 26.2% following the results while Universal Display’s stock price was unchanged.
Read our full analysis of Impinj’s results here and Universal Display’s results here.
Investors in the analog semiconductors segment have had steady hands going into earnings, with share prices flat over the last month. Vishay Intertechnology is down 2.8% during the same time and is heading into earnings with an average analyst price target of $13.50 (compared to the current share price of $16.18).
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