Precision measurement and sensing technologies provider Vishay Precision (NYSE:VPG) will be reporting earnings tomorrow before the bell. Here’s what investors should know.
Vishay Precision missed analysts’ revenue expectations by 2.8% last quarter, reporting revenues of $77.36 million, down 14.8% year on year. It was a softer quarter for the company, with revenue guidance for next quarter missing analysts’ expectations and a miss of analysts’ EBITDA 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 13.8% year on year to $73.97 million, a further deceleration from the 4.7% 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 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 Q3 results, giving us a hint as to what we can expect. Vicor’s revenues decreased 13.6% year on year, beating analysts’ expectations by 9.3%, and Belden reported revenues up 4.5%, topping estimates by 1.7%. Vicor traded up 13.9% following the results while Belden was down 1.9%.
Read our full analysis of Vicor’s results here and Belden’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 2.9% during the same time and is heading into earnings with an average analyst price target of $31.50 (compared to the current share price of $23.51).
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