Sensata Technologies Earnings: What To Look For From ST

Radek Strnad /
2022/10/24 3:06 am EDT

Sensor manufacturer Sensata Technology (NYSE:ST) will be announcing earnings results tomorrow before the bell. Here's what you need to know.

Last quarter Sensata Technologies reported revenues of $1.02 billion, up 2.8% year on year, beating analyst revenue expectations by 1.51%. It was a weak quarter for the company, with revenue guidance for both the next quarter and full year guidance missing analysts' expectations.

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This quarter analysts are expecting Sensata Technologies's revenue to grow 5.78% year on year to $1 billion, slowing down from the 20.6% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.85 per share.

Sensata Technologies Total Revenue

The analysts covering the company have been growing increasingly bullish about the business heading into the earnings, with revenue estimates seeing four upwards revisions over the last thirty days. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 2.6%.

With Sensata being the first among its peers to report earnings this season, we don't have anywhere else to look at to get a hint at how this quarter will unravel for semiconductor stocks, but investors in the semiconductor segment have had steady hands going into the earnings, with the stocks up on average 0.32% over the last month. Sensata Technologies is up 11.1% during the same time, and is heading into the earnings with analyst price target of $53.50, compared to share price of $41.69.

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The author has no position in any of the stocks mentioned.