Precision measurement and sensing technologies provider Vishay Precision (NYSE: VPG) will be reporting results this Tuesday before the bell. Here’s what investors should know.
Vishay Precision missed analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $71.74 million, down 11.2% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EBITDA and 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 5.7% year on year to $72.93 million, improving from the 14.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.04 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 five times over the last two years.
Looking at Vishay Precision’s peers in the electronic components segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Bel Fuse delivered year-on-year revenue growth of 26.3%, beating analysts’ expectations by 10.1%, and Littelfuse reported revenues up 9.8%, topping estimates by 6.8%. Bel Fuse traded up 18.8% following the results while Littelfuse was also up 9.1%.
Read our full analysis of Bel Fuse’s results here and Littelfuse’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 down 8.6% during the same time and is heading into earnings with an average analyst price target of $31.75 (compared to the current share price of $25.80).
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