Sensata Technologies (ST) Q4 Earnings Report Preview: What To Look For

Adam Hejl /
2024/02/05 2:01 am EST

Sensor manufacturer Sensata Technology (NYSE:ST) will be reporting earnings tomorrow before market open. Here's what you need to know.

Last quarter Sensata Technologies reported revenues of $1.00 billion, down 1.7% year on year, missing analyst expectations by 0.4%. It was a weak quarter for the company, with underwhelming revenue guidance for the next quarter and an increase in its inventory levels.

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 decline 3.5% year on year to $978.9 million, a further deceleration on the 8.6% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.86 per share.

Sensata Technologies Total Revenue

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 only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 1.5%.

Looking at Sensata Technologies's peers in the analog semiconductors segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. MACOM's revenues decreased 12.7% year on year, beating analyst estimates by 2.9% and Skyworks Solutions reported revenue decline of 9.6% year on year, missing analyst estimates by 0.2%. MACOM tradedup 4.3% on the results, and Skyworks Solutions was up 5.5%.

Read our full analysis of MACOM's results here and Skyworks Solutions's results here.

There has been positive sentiment among investors in the analog semiconductors segment, with the stocks up on average 2% over the last month. Sensata Technologies is up 1.8% during the same time, and is heading into the earnings with analyst price target of $47, compared to share price of $36.6.

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