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Vishay (VPG) Surges 5.5%: Is This an Indication of Further Gains?
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Vishay Precision (VPG - Free Report) shares rallied 5.5% in the last trading session to close at $149.91. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 12.6% gain over the past four weeks.
Vishay Precision is benefiting from strong demand in AI infrastructure, semiconductor equipment, data centers, defense, and humanoid robotics, as well as operational improvements and cost reduction initiatives that support growth and profitability.
This precision sensors and systems producer is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of +11.8%. Revenues are expected to be $87.41 million, up 16.3% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Vishay, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on VPG going forward to see if this recent jump can turn into more strength down the road.
Vishay is a member of the Zacks Electronics - Miscellaneous Components industry. One other stock in the same industry, Fabrinet (FN - Free Report) , finished the last trading session 6.4% higher at $562.08. FN has returned -15.1% over the past month.
For Fabrinet, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $3.83. This represents a change of +44.5% from what the company reported a year ago. Fabrinet currently has a Zacks Rank of #3 (Hold).
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Vishay (VPG) Surges 5.5%: Is This an Indication of Further Gains?
Vishay Precision (VPG - Free Report) shares rallied 5.5% in the last trading session to close at $149.91. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 12.6% gain over the past four weeks.
Vishay Precision is benefiting from strong demand in AI infrastructure, semiconductor equipment, data centers, defense, and humanoid robotics, as well as operational improvements and cost reduction initiatives that support growth and profitability.
This precision sensors and systems producer is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of +11.8%. Revenues are expected to be $87.41 million, up 16.3% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Vishay, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on VPG going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Vishay is a member of the Zacks Electronics - Miscellaneous Components industry. One other stock in the same industry, Fabrinet (FN - Free Report) , finished the last trading session 6.4% higher at $562.08. FN has returned -15.1% over the past month.
For Fabrinet, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $3.83. This represents a change of +44.5% from what the company reported a year ago. Fabrinet currently has a Zacks Rank of #3 (Hold).