Vishay Precision Group Inc reports results for the quarter ended in January - Earnings Summary

Vishay Precision

06/08/2024 14:32

* Vishay Precision Group Inc  VPG.N  reported quarterly
adjusted
earnings of 31 cents​​ per share for the quarter ended in
January, lower than the same quarter last year, when the company
reported EPS of 58 cents.  The mean expectation of two analysts
for the quarter was for earnings of 34 cents per share. Wall
Street expected results to range from 32 cents to 35 cents per
share.
    * Revenue fell 14.8% to $77.36 million from a year ago;
analysts
expected $79.62 million. 
    * Vishay Precision Group Inc's reported EPS for the quarter
was 34
cents​.
    * The company reported quarterly net income of $4.6 million.
    * Vishay Precision Group Inc shares had risen by 3.2% this
quarter and lost 7.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 20%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for Vishay Precision
Group Inc is $41.00 
This summary was machine generated from LSEG data August 6 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.34           0.31           Missed
 Mar. 31 2024      0.35           0.42           Beat
 Dec. 31 2023      0.36           0.61           Beat
 Sep. 30 2023      0.56           0.47           Missed