Semiconductor manufacturer Vishay Intertechnology (NYSE: VSH) will be reporting earnings this Wednesday before market open. Here’s what you need to know.
Vishay Intertechnology met analysts’ revenue expectations last quarter, reporting revenues of $762.3 million, up 2.8% 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 slightly missing analysts’ expectations.
Is Vishay Intertechnology 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 Intertechnology’s revenue to grow 6.2% year on year to $780.9 million, a reversal from the 13.9% 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.
Looking at Vishay Intertechnology’s peers in the analog semiconductors segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Impinj posted flat year-on-year revenue, beating analysts’ expectations by 3.6%, and Monolithic Power Systems reported revenues up 18.9%, topping estimates by 2%. Impinj traded down 15% following the results while Monolithic Power Systems was also down 7.5%.
Read our full analysis of Impinj’s results here and Monolithic Power Systems’s results here.
There has been positive sentiment among investors in the analog semiconductors segment, with share prices up 3.4% on average over the last month. Vishay Intertechnology is up 4.4% during the same time and is heading into earnings with an average analyst price target of $14 (compared to the current share price of $16.78).
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