Sensata Technologies (ST) Stock Trades Down, Here Is Why

Petr Huřťák /
2023/04/25 12:33 pm EDT
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What Happened:

Shares of sensor manufacturer Sensata Technology (NYSE:ST) fell 5.79% in the morning session after the company reported first-quarter revenue and earnings per share (EPS) that narrowly beat analysts' expectations, although free cash flow missed. In addition, the next-quarter outlook was below expectations, as it forecasted weaker sales.

What is the market telling us:

Sensata Technologies's shares are somewhat volatile and over the last year have had 10 moves greater than 5%. In context of that, today's move is indicating the market considers this news meaningful but not something that would fundamentally change its perception of the business.

Sensata Technologies is up 10.3% since the beginning of the year, but at $44.79 per share it is still trading 16.9% below its 52-week high of $53.87 from February 2023. Investors who bought $1,000 worth of Sensata Technologies's shares 5 years ago would now be looking at an investment worth $864.74.

Is now the time to buy Sensata Technologies? Access our full analysis of the earnings results here, it's free.