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Vishay Precision Earnings: What To Look For From VPG

VPG Cover Image

Precision measurement and sensing technologies provider Vishay Precision (NYSE: VPG) will be reporting earnings tomorrow before market open. Here’s what you need to know.

Vishay Precision missed analysts’ revenue expectations by 1.3% last quarter, reporting revenues of $72.65 million, down 18.8% 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 9.6% year on year to $73.02 million, in line with the 9.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.07 per share.

Vishay Precision Total Revenue

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 Q1 results, giving us a hint as to what we can expect. Bel Fuse delivered year-on-year revenue growth of 18.9%, beating analysts’ expectations by 1.6%, and Advanced Energy reported revenues up 23.6%, topping estimates by 3.7%. Bel Fuse traded up 3.4% following the results while Advanced Energy was also up 11%.

Read our full analysis of Bel Fuse’s results here and Advanced Energy’s results here.

There has been positive sentiment among investors in the electronic components segment, with share prices up 11.8% on average over the last month. Vishay Precision is up 32.8% during the same time and is heading into earnings with an average analyst price target of $29.25 (compared to the current share price of $27.10).

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