Vishay Precision Group Meets on the Top Line, Misses Where It Counts

Vishay Precision Group (NYSE: VPG  ) reported earnings on Feb. 8. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Vishay Precision Group met expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share shrank significantly.

Margins dropped across the board.

Revenue details
Vishay Precision Group reported revenue of $56.4 million. The four analysts polled by S&P Capital IQ expected revenue of $56.3 million on the same basis. GAAP reported sales were 2.9% higher than the prior-year quarter's $54.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.09. The four earnings estimates compiled by S&P Capital IQ forecast $0.13 per share. GAAP EPS of $0.09 for Q4 were 63% lower than the prior-year quarter's $0.24 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 33.4%, 480 basis points worse than the prior-year quarter. Operating margin was 3.3%, 590 basis points worse than the prior-year quarter. Net margin was 2.1%, 390 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $57.4 million. On the bottom line, the average EPS estimate is $0.13.

Next year's average estimate for revenue is $238.9 million. The average EPS estimate is $0.81.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 24 members out of 25 rating the stock outperform, and one member rating it underperform. Among seven CAPS All-Star picks (recommendations by the highest-ranked CAPS members), seven give Vishay Precision Group a green thumbs-up.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vishay Precision Group is outperform, with an average price target of $23.25.

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