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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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 of Motley 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.