Vishay Precision Group, Inc. (NYSE:VPG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Vishay Precision Group, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.14 in the quarter versus EPS of $ in the year-earlier quarter.
Revenue: Rose 2.9% to $57.46 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Vishay Precision Group, Inc. reported adjusted EPS income of $0.14 per share. By that measure, the company beat the mean analyst estimate of $0. It beat the average revenue estimate of $0.
Quoting Management: Ziv Shoshani, chief executive officer of VPG, said, “The inclusion of two months of KELK results in the quarter is primarily responsible for our consolidated revenue increase. I am also encouraged that we are experiencing sequential increased order levels, mainly in the Americas and European regions.”
Key Stats (on next page)…
Revenue increased 12.64% from $51.01 million in the previous quarter. EPS increased to $0.14 in the quarter versus EPS of $ in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0 and has not changed. For the current year, the average estimate is a loss of $0, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)