Vishay Intertechnology Beats Estimates but Has a Big Earnings Drop
Vishay Intertechnology (NYS: VSH) reported earnings on May 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Vishay Intertechnology missed estimates on revenues and beat expectations on earnings per share.
Compared with the prior-year quarter, revenue shrank significantly and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Vishay Intertechnology chalked up revenue of $538.5 million. The four analysts polled by S&P Capital IQ expected a top line of $552.4 million on the same basis. GAAP reported sales were 23% lower than the prior-year quarter's $695.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.21. The five earnings estimates compiled by S&P Capital IQ predicted $0.17 per share. GAAP EPS of $0.21 for Q1 were 51% lower than the prior-year quarter's $0.43 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 25.4%, 550 basis points worse than the prior-year quarter. Operating margin was 9.3%, 810 basis points worse than the prior-year quarter. Net margin was 6.3%, 450 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $583.8 million. On the bottom line, the average EPS estimate is $0.23.
Next year's average estimate for revenue is $2.37 billion. The average EPS estimate is $0.98.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 245 members out of 259 rating the stock outperform, and 14 members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give Vishay Intertechnology a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vishay Intertechnology is outperform, with an average price target of $14.13.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings. He is the co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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