The 10-second takeaway
For the quarter ended Sep. 29 (Q3), Vishay Intertechnology missed slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share shrank significantly.
Margins dropped across the board.
Vishay Intertechnology reported revenue of $572.8 million. The four analysts polled by S&P Capital IQ expected revenue of $581.8 million on the same basis. GAAP reported sales were 10% lower than the prior-year quarter's $637.6 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 $0.15. The five earnings estimates compiled by S&P Capital IQ predicted $0.24 per share. GAAP EPS of $0.15 for Q3 were 52% lower than the prior-year quarter's $0.31 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 23.3%, 300 basis points worse than the prior-year quarter. Operating margin was 7.8%, 400 basis points worse than the prior-year quarter. Net margin was 3.9%, 400 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $519.6 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $2.22 billion. The average EPS estimate is $0.67.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 242 members out of 257 rating the stock outperform, and 15 members rating it underperform. Among 59 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 57 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 $12.55.
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