Semiconductor manufacturer Vishay Intertechnology (NYSE:VSH) will be reporting earnings tomorrow before market open. Here’s what to expect.
Vishay Intertechnology missed analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $714.7 million, down 9% year on year. It was a disappointing quarter for the company, with revenue guidance for next quarter slightly missing analysts’ expectations and a significant miss of analysts’ adjusted operating income estimates.
Is Vishay Intertechnology a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Vishay Intertechnology’s revenue to decline 3.6% year on year to $719.2 million, improving from the 14.3% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.02 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.
Looking at Vishay Intertechnology’s peers in the analog semiconductors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Texas Instruments delivered year-on-year revenue growth of 11.1%, beating analysts’ expectations by 4.1%, and Impinj reported a revenue decline of 3.3%, topping estimates by 3.7%. Texas Instruments traded up 6.7% following the results while Impinj was also up 16.9%.
Read our full analysis of Texas Instruments’s results here and Impinj’s results here.
There has been positive sentiment among investors in the analog semiconductors segment, with share prices up 17.6% on average over the last month. Vishay Intertechnology is up 17.6% during the same time and is heading into earnings with an average analyst price target of $18 (compared to the current share price of $13.67).
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