Sensata Technologies (ST) Q4 Earnings: What To Expect

Jabin Bastian /
2023/01/30 4:17 am EST

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

Last quarter Sensata Technologies reported revenues of $1.01 billion, up 7.07% year on year, beating analyst revenue expectations by 1.23%. It was a weaker quarter for the company, with slow revenue growth and a decline in gross margin.

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 6.78% year on year to $997.9 million, improving on the 3.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.88 per share.

Sensata Technologies Total Revenue

The analysts covering the company have been growing increasingly bearish about the business heading into the earnings, with revenue estimates seeing five downward 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 2.26%.

Looking at Sensata Technologies's peers in the semiconductors segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Texas Instruments's revenues decreased 3.35% year on year, beating analyst estimates by 0.92%. Texas Instruments traded up 0.62% on the results. Read our full analysis of Texas Instruments's results here.

There has been positive sentiment among investors in the semiconductors segment, with the stocks up on average 18.3% over the last month. Sensata Technologies is up 15.2% during the same time, and is heading into the earnings with analyst price target of $53.33, compared to share price of $46.79.

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