Precision measurement and sensing technologies provider Vishay Precision (NYSE: VPG) will be reporting earnings this Wednesday before the bell. Here’s what investors should know.
Vishay Precision beat analysts’ revenue expectations by 4% last quarter, reporting revenues of $79.73 million, up 5.3% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is Vishay Precision 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 Precision’s revenue to grow 7.5% year on year to $78.07 million, a reversal from the 18.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.21 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 four times over the last two years.
Looking at Vishay Precision’s peers in the electrical equipment segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Littelfuse delivered year-on-year revenue growth of 12.2%, beating analysts’ expectations by 2%, and Corning reported revenues up 13.9%, topping estimates by 1%. Littelfuse traded up 10.2% following the results while Corning was down 6.1%.
Read our full analysis of Littelfuse’s results here and Corning’s results here.
There has been positive sentiment among investors in the electrical equipment segment, with share prices up 8.2% on average over the last month. Vishay Precision is up 30.4% during the same time and is heading into earnings with an average analyst price target of $48 (compared to the current share price of $54.16).
When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.
