Semiconductor manufacturer Vishay Intertechnology (NYSE:VSH) will be reporting results tomorrow before market open. Here's what investors should know.
Last quarter Vishay Intertechnology reported revenues of $863.5 million, up 5.41% year on year, beating analyst revenue expectations by 1.14%. It was a strong quarter for the company, with a significant improvement in gross margin and a beat on the bottom line.
Is Vishay Intertechnology buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Vishay Intertechnology's revenue to grow 13.6% year on year to $925.1 million, slowing down from the 27.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.84 per share.
The analysts covering the company have been growing increasingly bullish about the business heading into the earnings, with revenue estimates seeing 2 upwards revisions over the last thirty days. The company missed Wall St's revenue estimates twice over the last two years.
Looking at Vishay Intertechnology's peers in the analog semiconductors segment, some of them have already reported Q3 earnings results, giving us a hint of what we can expect. Texas Instruments delivered top-line growth of 12.8% year on year, beating analyst estimates by 1.9% and ON Semiconductor reported revenues up 25.8% year on year, exceeding estimates by 3.58%. Texas Instruments traded down 4.74% on the results, and ON Semiconductor was down 2.09% on the results. Read our full analysis of Texas Instruments's results here and ON Semiconductor's results here.
There has been positive sentiment among investors in the analog semiconductors segment, with the stocks up on average 2.29% over the last month. Vishay Intertechnology is up 14.5% during the same time, and is heading into the earnings with analyst price target of $21.00, compared to share price of $21.15.
One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.
The author has no position in any of the stocks mentioned.