Vishay Intertechnology (VSH) Stock Sinks As Market Gains: What You Should Know
Vishay Intertechnology (VSH) closed the most recent trading day at $19.64, moving -0.61% from the previous trading session. This move lagged the S&P 500's daily gain of 0.88%. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq gained 1.32%.
Heading into today, shares of the chipmaker had gained 5.44% over the past month, outpacing the Computer and Technology sector's gain of 5% and the S&P 500's gain of 3.96% in that time.
VSH will be looking to display strength as it nears its next earnings release, which is expected to be May 9, 2019. The company is expected to report EPS of $0.50, up 25% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $750 million, up 4.63% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.16 per share and revenue of $3.05 billion, which would represent changes of +1.89% and +0.48%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for VSH. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. VSH is currently a Zacks Rank #3 (Hold).
Looking at its valuation, VSH is holding a Forward P/E ratio of 9.15. This represents a discount compared to its industry's average Forward P/E of 16.76.
It is also worth noting that VSH currently has a PEG ratio of 1. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Semiconductor - Discretes industry currently had an average PEG ratio of 1.12 as of yesterday's close.
The Semiconductor - Discretes industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 25, putting it in the top 10% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Vishay Intertechnology, Inc. (VSH) : Free Stock Analysis Report
To read this article on Zacks.com click here.
