Vishay Intertechnology Meets on the Top Line, Misses Where it Counts

Seth Jayson, The Motley Fool
Updated

Vishay Intertechnology (NYS: VSH) reported earnings on July 30. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 29 (Q2), Vishay Intertechnology met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue expanded slightly. Non-GAAP earnings per share shrank significantly. GAAP earnings per share contracted significantly.


Margins dropped across the board.

Revenue details
 Vishay Intertechnology reported revenue of $597.7 million. The five analysts polled by S&P Capital IQ wanted to see revenue of $592.1 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.20. The six earnings estimates compiled by S&P Capital IQ predicted $0.22 per share. Non-GAAP EPS of $0.20 for Q2 were 17% lower than the prior-year quarter's $0.24 per share. GAAP EPS of $0.21 for Q2 were 28% lower than the prior-year quarter's $0.29 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 23.9%, 120 basis points worse than the prior-year quarter. Operating margin was 8.7%, 160 basis points worse than the prior-year quarter. Net margin was 5.2%, 260 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $616.3 million. On the bottom line, the average EPS estimate is $0.24.

Next year's average estimate for revenue is $2.37 billion. The average EPS estimate is $0.89.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 238 members out of 252 rating the stock outperform, and 14 members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 61 give Vishay Intertechnology a green thumbs-up, and two 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 $14.50.

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The article Vishay Intertechnology Meets on the Top Line, Misses Where it Counts originally appeared on Fool.com.

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. The Motley Fool has no position in any of the stocks mentioned. 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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