Vishay Intertechnology (VSH) Tops Q2 Earnings Estimates

Company Performance - Vishay Intertechnology reported quarterly earnings of $0.17 per share, exceeding the Zacks Consensus Estimate of $0.14 per share, but down from $0.68 per share a year ago, indicating a 75% year-over-year decline [1] - The company achieved an earnings surprise of 21.43% for the quarter, having previously reported earnings of $0.22 per share against an expectation of $0.20 per share, resulting in a 10% surprise [1][2] - Over the last four quarters, Vishay has surpassed consensus EPS estimates four times [2] Revenue Analysis - Vishay's revenues for the quarter ended June 2024 were $741.24 million, which missed the Zacks Consensus Estimate by 1.26% and represented a decline from $892.11 million in the same quarter last year [2] - The company has topped consensus revenue estimates two times over the last four quarters [2] Market Performance - Since the beginning of the year, Vishay shares have decreased by approximately 10.4%, contrasting with the S&P 500's gain of 9.9% [3] - The current consensus EPS estimate for the upcoming quarter is $0.15 on revenues of $768.1 million, and for the current fiscal year, it is $0.73 on revenues of $3.04 billion [7] Industry Outlook - The Semiconductor - Discretes industry, to which Vishay belongs, is currently ranked in the bottom 21% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Vishay's stock performance [5][6]