303231

What To Expect From Vishay Intertechnology’s (VSH) Q4 Earnings


Anthony Lee /
2023/02/07 4:21 am EST
Add to Watchlist

Semiconductor manufacturer Vishay Intertechnology (NYSE:VSH) will be reporting results tomorrow morning. Here's what to look for.

Last quarter Vishay Intertechnology reported revenues of $924.7 million, up 13.6% year on year, missing analyst expectations by 0.03%. It was an impressive 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 4.69% year on year to $882.6 million, slowing down from the 26.3% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.80 per share.

Vishay Intertechnology Total Revenue

The analysts covering the company have been growing increasingly bearish about the business heading into the earnings, with revenue estimates seeing five downward revisions over the last thirty days. The company missed Wall St's revenue estimates three times over the last two years.

Looking at Vishay Intertechnology's peers in the analog semiconductors segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. MACOM Technology delivered top-line growth of 12.8% year on year, beating analyst estimates by 0.29% and Microchip Technology reported revenues up 23.4% year on year, exceeding estimates by 0.77%. MACOM Technology traded down 1.91% on the results, Microchip Technology was down 2.14%. Read our full analysis of MACOM Technology's results here and Microchip Technology's results here.

There has been positive sentiment among investors in the analog semiconductors segment, with the stocks up on average 13% over the last month. Vishay Intertechnology is up 7.12% during the same time, and is heading into the earnings with analyst price target of $21.00, compared to share price of $23.91.

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.