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.
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 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.
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.)
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.
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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