Sensor manufacturer Sensata Technology (NYSE:ST) will be reporting earnings tomorrow before market hours. Here's what investors should know.
Last quarter Sensata Technologies reported revenues of $1.01 billion, up 8.57% year on year, beating analyst revenue expectations by 1.67%. It was a mixed quarter for the company, with a beat on the bottom line but underwhelming revenue guidance for the next quarter.
Is Sensata Technologies buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Sensata Technologies's revenue to grow 0.92% year on year to $984.8 million, slowing down from the 3.53% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.87 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. 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 2.28%.
Looking at Sensata Technologies's peers in the semiconductors segment, some of them have already reported Q1 earnings results, giving us a hint of what we can expect. SMART's revenues decreased 4.45% year on year, missing analyst estimates by 1.34% and Micron Technology reported revenue decline of 52.6% year on year, missing analyst estimates by 0.37%. SMART traded down 3.44% on the results, Micron Technology was flat on the results. Read our full analysis of SMART's results here and Micron Technology's results here.
The whole tech sector has been facing a sell-off since late November 2021 and while some of the semiconductors stocks have fared somewhat better, they have not been spared, with share price declining 3.93% over the last month. Sensata Technologies is up 1.38% during the same time, and is heading into the earnings with analyst price target of $58, compared to share price of $47.81.
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The author has no position in any of the stocks mentioned.