Vishay Precision Group Meets on the Top Line, Misses Where It Counts
Vishay Precision Group (NYS: VPG) reported earnings on Feb. 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Vishay Precision Group met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share shrank significantly.
Margins dropped across the board.
Vishay Precision Group reported revenue of $56.4 million. The four analysts polled by S&P Capital IQ expected revenue of $56.3 million on the same basis. GAAP reported sales were 2.9% higher than the prior-year quarter's $54.8 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 $0.09. The four earnings estimates compiled by S&P Capital IQ forecast $0.13 per share. GAAP EPS of $0.09 for Q4 were 63% lower than the prior-year quarter's $0.24 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 33.4%, 480 basis points worse than the prior-year quarter. Operating margin was 3.3%, 590 basis points worse than the prior-year quarter. Net margin was 2.1%, 390 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $57.4 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $238.9 million. The average EPS estimate is $0.81.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 24 members out of 25 rating the stock outperform, and one member rating it underperform. Among seven CAPS All-Star picks (recommendations by the highest-ranked CAPS members), seven give Vishay Precision Group a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vishay Precision Group is outperform, with an average price target of $23.25.
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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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