Vishay (VSH) Up 0.2% Since Last Earnings Report: Can It Continue?

Core Viewpoint - Vishay Intertechnology reported disappointing Q4 earnings and revenues, missing consensus estimates, and showing a decline in year-over-year performance across multiple segments [2][3][4]. Financial Performance - Q4 non-GAAP earnings were breakeven, missing the Zacks Consensus Estimate of 11 cents [2] - Revenues for Q4 were $714.72 million, missing estimates by 0.73$66.21 million, down 48.1% year-over-year, with an adjusted EBITDA margin of 9.3%, contracting 700 basis points [5] Segment Performance - MOSFET revenues (20.5% of total) were $146.6 million, down 12.8$141.4 million, down 13.4% year-over-year [3] - Optoelectronics revenues (6.6% of total) were $46.9 million, down 13$177 million, down 10.6% year-over-year [4] - Inductors revenues (11.7% of total) were $83.4 million, down 5.1$119.3 million, up 4.6% year-over-year [5] Balance Sheet and Cash Flow - As of December 31, 2024, cash and cash equivalents were $590.3 million, down from$643.8 million as of September 30 [6] - Long-term debt increased to $905 million from$820.8 million [6] - Net cash from operating activities was $173.7 million, with a negative free cash flow of$75.6 million during the quarter [6] Guidance and Estimates - For Q1, Vishay expects revenues of $710 million (+/-$20 million) and an operating margin of 19.0% (+/- 50 basis points) [7] - There has been a downward trend in estimates, with a consensus estimate shift of -225% [8] Investment Scores - Vishay has a poor Growth Score of F and a Momentum Score of F, but a Value Score of B, placing it in the top 40% for value strategy [9] - The overall VGM Score is F, indicating a lack of focus on any single investment strategy [9] Outlook - Estimates are trending downward, leading to a Zacks Rank of 4 (Sell), indicating expectations of below-average returns in the coming months [10]