Vicor Earnings: What To Look For From VICR

StockStory
2024-10-21
Vicor Earnings: What To Look For From VICR

Power conversion and control solutions provider Vicor Corporation (NASDAQ:VICR) will be reporting results tomorrow after the bell. Here’s what to look for.

Vicor beat analysts’ revenue expectations by 5% last quarter, reporting revenues of $85.85 million, down 19.6% year on year. It was a mixed quarter for the company, with a miss of analysts’ earnings estimates.

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

This quarter, analysts are expecting Vicor’s revenue to decline 21% year on year to $85.23 million, a reversal from the 4.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.14 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Vicor has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Vicor’s peers in the electrical equipment segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Acuity Brands delivered year-on-year revenue growth of 2.2%, meeting analysts’ expectations, and Badger Meter reported revenues up 11.9%, falling short of estimates by 1.8%. Acuity Brands traded up 9% following the results while Badger Meter was down 5.4%.

Read our full analysis of Acuity Brands’s results here and Badger Meter’s results here.

There has been positive sentiment among investors in the electrical equipment segment, with share prices up 3.3% on average over the last month. Vicor is up 8.9% during the same time and is heading into earnings with an average analyst price target of $36.50 (compared to the current share price of $40.80).

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