Vishay Intertechnology Whiffs on Earnings
Vishay Intertechnology (NYS: VSH) reported earnings today. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Vishay Intertechnology missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share shrank significantly.
Margins contracted across the board.
Vishay Intertechnology chalked up revenue of $551.4 million. The four analysts polled by S&P Capital IQ expected revenue of $570.6 million. Sales were 20% lower than the prior-year quarter's $688.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.15. The five earnings estimates compiled by S&P Capital IQ predicted $0.18 per share on the same basis. GAAP EPS of $0.19 for Q4 were 77% lower than the prior-year quarter's $0.81 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 22.8%, 790 basis points worse than the prior-year quarter. Operating margin was 6.1%, 1,150 basis points worse than the prior-year quarter. Net margin was 5.6%, 1,580 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $555.6 million. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $2.38 billion. The average EPS estimate is $1.09.
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 74 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 71 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 hold, with an average price target of $11.00.
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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 here. He is 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 may not 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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