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

Vishay Precision

07/05/2024 14:52

* Vishay Precision Group Inc  VPG.N  reported quarterly
adjusted
earnings of 42 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 52 cents.  The mean expectation of two analysts for the
quarter was for earnings of 35 cents per share. Wall Street
expected results to range from 32 cents to 39 cents per share.
    * Revenue fell 9.1% to $80.78 million from a year ago;
analysts
expected $84.86 million. 
    * Vishay Precision Group Inc's reported EPS for the quarter
was 44
cents​.
    * The company reported quarterly net income of $5.89
million.
    * Vishay Precision Group Inc shares had fallen by 2.6% this
quarter and gained 1.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 15.7%
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 3 "strong buy" or "buy," no
"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 $44.00 
This summary was machine generated from LSEG data May 7 at 01:52
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
 Mar. 31 2024      0.35           0.42           Beat
 Dec. 31 2023      0.36           0.61           Beat
 Sep. 30 2023      0.56           0.47           Missed
 Jun. 30 2023      0.50           0.58           Beat