Vishay Precision Group stock reports a second-quarter revenue miss
📉 VPG reported second-quarter revenue of USD 83.94 million, missing the USD 87.44 million consensus estimate by USD 3.50 million.
💸 Adjusted EPS came in at USD 0.04 against a USD 0.19 expected, representing a significant earnings miss.
📉 The stock price declined 0.78% to close at USD 78.45 on the NYSE following the earnings report.
🤔 Analyst consensus is rated Hold with an average price target of USD 82.33, slightly above current levels.
🏭 VPG operates in precision measurement and sensing, linking its quarterly results directly to industrial demand.
📊 The company consists of three segments: Sensors, Weighing Solutions, and Measurement Systems.
- Lake Street analyst Jaeson Schmidt reiterated a Buy rating with a USD 98.00 price target, suggesting potential upside from current levels.
- The average analyst price target of USD 82.33 is approximately 4.9% above the current stock price of USD 78.45.
- Second-quarter revenue of USD 83.94 million fell short of the USD 87.44 million consensus estimate by USD 3.50 million.
- Adjusted EPS of USD 0.04 was significantly below the USD 0.19 expected, indicating weak earnings execution.
- The stock price dropped 0.78% to close at USD 78.45 on the NYSE following the disappointing results.
- Analyst consensus is divided with one Sell rating and a Hold consensus, reflecting caution after the miss.