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What To Expect From Vicor’s (VICR) Q3 Earnings

VICR Cover Image

Power conversion and control solutions provider Vicor Corporation (NASDAQ: VICR) will be announcing earnings results this Tuesday after market close. Here’s what to expect.

Vicor met analysts’ revenue expectations last quarter, reporting revenues of $96.05 million, up 11.9% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but a significant miss of analysts’ EBITDA estimates.

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

This quarter, analysts are expecting Vicor’s revenue to grow 2.4% year on year to $95.4 million, a reversal from the 13.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.20 per share.

Vicor Total Revenue

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. Vicor has missed Wall Street’s revenue estimates twice since going public.

Looking at Vicor’s peers in the electrical equipment segment, only Acuity Brands has reported results so far. It missed analysts’ revenue estimates by 1.5%, delivering year-on-year sales growth of 17.1%. The stock traded up 3.3% on the results.

Read our full analysis of Acuity Brands’s earnings results here.

Investors in the electrical equipment segment have had steady hands going into earnings, with share prices flat over the last month. Vicor is up 7.8% during the same time and is heading into earnings with an average analyst price target of $52.50 (compared to the current share price of $59).

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