The 10-second takeaway
For the quarter ended March 31 (Q1), Vishay Intertechnology missed estimates on revenues and beat expectations on earnings per share.
Compared with the prior-year quarter, revenue shrank significantly and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Vishay Intertechnology chalked up revenue of $538.5 million. The four analysts polled by S&P Capital IQ expected a top line of $552.4 million on the same basis. GAAP reported sales were 23% lower than the prior-year quarter's $695.2 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 $0.21. The five earnings estimates compiled by S&P Capital IQ predicted $0.17 per share. GAAP EPS of $0.21 for Q1 were 51% lower than the prior-year quarter's $0.43 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 25.4%, 550 basis points worse than the prior-year quarter. Operating margin was 9.3%, 810 basis points worse than the prior-year quarter. Net margin was 6.3%, 450 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $583.8 million. On the bottom line, the average EPS estimate is $0.23.
Next year's average estimate for revenue is $2.37 billion. The average EPS estimate is $0.98.
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 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 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 outperform, with an average price target of $14.13.
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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. He is the 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 don't 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.