Vicor (VICR) Q4 Earnings Report Preview: What To Look For

Power conversion and control solutions provider Vicor Corporation (NASDAQ:VICR) will be announcing earnings results tomorrow after market close. Here’s what you need to know.

Vicor beat analysts’ revenue expectations by 9.3% last quarter, reporting revenues of $93.17 million, down 13.6% year on year. It was an incredible quarter for the company, with an impressive beat of analysts’ EPS 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 1.7% year on year to $91.03 million, improving from the 12.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.21 per share.

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 three times over the last two years.

Looking at Vicor’s peers in the electronic components segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Advanced Energy delivered year-on-year revenue growth of 2.5%, beating analysts’ expectations by 5.5%, and Belden reported revenues up 20.8%, topping estimates by 1.7%. Advanced Energy traded up 11% following the results while Belden’s stock price was unchanged.

Read our full analysis of Advanced Energy’s results here and Belden’s results here.

Inflation has progressed towards the Fed’s 2% goal as of late, leading to strong stock market performance. Recent rate cuts and the 2024 Presidential election's conclusion added further sparks to the market, and while some of the electronic components stocks have shown solid performance, the group has generally underperformed, with share prices down 4.2% on average over the last month. Vicor is down 13.1% during the same time and is heading into earnings with an average analyst price target of $46.50 (compared to the current share price of $49.21).

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