Vishay Precision (VPG) Tops Q1 Earnings and Income Estimates

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Vishay Precision (VPG) Tops Q1 Earnings and Income Estimates


Vishay Precision (VPG) got here out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.29 per share a 12 months in the past. These figures are adjusted for non-recurring objects.

This quarterly report represents an earnings shock of 10.71%. 1 / 4 in the past, it was anticipated that this precision sensors and programs producer would submit earnings of $0.42 per share when it really produced earnings of $0.43, delivering a shock of two.38%.

During the last 4 quarters, the corporate has surpassed consensus EPS estimates 4 occasions.

Vishay, which belongs to the Zacks Electronics – Miscellaneous Parts trade, posted revenues of $70.59 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 6.29%. This compares to year-ago revenues of $67.7 million. The corporate has topped consensus income estimates 4 occasions over the past 4 quarters.

The sustainability of the inventory’s rapid value motion based mostly on the recently-released numbers and future earnings expectations will principally depend upon administration’s commentary on the earnings name.

Vishay shares have added about 4.7% because the starting of the 12 months versus the S&P 500’s achieve of 11.5%.

What’s Subsequent for Vishay?

Whereas Vishay has underperformed the market up to now this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?

There are not any simple solutions to this key query, however one dependable measure that may assist traders tackle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified recently.

Empirical analysis reveals a powerful correlation between near-term inventory actions and traits in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested ranking software just like the Zacks Rank, which has a formidable monitor report of harnessing the ability of earnings estimate revisions.

Forward of this earnings launch, the estimate revisions pattern for Vishay was blended. Whereas the magnitude and course of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out consistent with the market within the close to future. You possibly can see the whole record of immediately’s Zacks #1 Rank (Robust Purchase) shares right here.

It is going to be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.33 on $70 million in revenues for the approaching quarter and $1.51 on $280 million in revenues for the present fiscal 12 months.

Buyers must be conscious of the truth that the outlook for the trade can have a fabric affect on the efficiency of the inventory as nicely. By way of the Zacks Trade Rank, Electronics – Miscellaneous Parts is at the moment within the backside 34% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.

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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.



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