Semiconductor manufacturer Vishay Intertechnology (NYSE:VSH) will be reporting earnings tomorrow before the bell. Here’s what to look for.

Vishay Intertechnology missed analysts’ revenue expectations by 1.8% last quarter, reporting revenues of $735.4 million, down 13.9% year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analysts’ expectations.

Is Vishay Intertechnology a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Vishay Intertechnology’s revenue to decline 8% year on year to $722.3 million, in line with the 8.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.08 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

Looking at Vishay Intertechnology’s peers in the semiconductors segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Texas Instruments’s revenues decreased 1.7% year on year, beating analysts’ expectations by 3.3%, and NXP Semiconductors reported a revenue decline of 9.1%, in line with consensus estimates. Texas Instruments traded down 7.5% following the results.

Read our full analysis of Texas Instruments’s results here and NXP Semiconductors’s results here.

Stocks generally had a good 2024. The Fed fought high inflation and won without sending the economy into a recession, otherwise lovingly known as a soft landing. The US Central Bank is now cutting rates. That, plus the election of Donald Trump in November 2024, sent markets even higher, and while some of the semiconductors stocks have shown solid performance, the group has generally underpeformed, with share prices down 4.5% on average over the last month. Vishay Intertechnology is down 5.4% during the same time and is heading into earnings with an average analyst price target of $18 (compared to the current share price of $16.26).

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