Sensor manufacturer Sensata Technology (NYSE:ST) will be reporting earnings tomorrow after market hours. Here’s what to look for.
Sensata Technologies met analysts’ revenue expectations last quarter, reporting revenues of $1.04 billion, down 2.5% year on year. It was a slower quarter for the company, with underwhelming revenue and earnings guidance for the next quarter.
Is Sensata Technologies a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Sensata Technologies’s revenue to decline 1.7% year on year to $984.5 million, in line with the 1.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.86 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Sensata Technologies has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Sensata Technologies’s peers in the analog semiconductors segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Impinj delivered year-on-year revenue growth of 46.4%, beating analysts’ expectations by 2.5%, and Monolithic Power Systems reported revenues up 30.6%, topping estimates by 3.3%. Impinj traded down 13.1% following the results while Monolithic Power Systems was also down 17.4%.
Read our full analysis of Impinj’s results here and Monolithic Power Systems’s results here.
Growth stocks have been quite volatile since the start of 2024, and while some of the analog semiconductors stocks have fared somewhat better, they have not been spared, with share prices down 4.6% on average over the last month. Sensata Technologies is down 3.8% during the same time and is heading into earnings with an average analyst price target of $45.97 (compared to the current share price of $34.40).
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