Core Viewpoint - The market anticipates a year-over-year decline in Sensata's earnings due to lower revenues, with the actual results being crucial for stock price movement [1][2]. Earnings Expectations - Sensata is expected to report earnings of $0.86 per share, reflecting a decline of 5.5% year-over-year, with revenues projected at $984.66 million, down 1.7% from the previous year [3]. - The earnings report is scheduled for November 4, 2024, and could lead to stock price increases if results exceed expectations, while missing estimates may result in a decline [2]. Estimate Revisions - The consensus EPS estimate has been revised down by 3.12% over the last 30 days, indicating a collective reassessment by analysts [4]. - The Most Accurate Estimate for Sensata is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.16%, suggesting a bearish outlook from analysts [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, particularly when combined with a favorable Zacks Rank [8]. - Sensata currently holds a Zacks Rank of 4, which complicates the prediction of an earnings beat [10]. Historical Performance - In the last reported quarter, Sensata met the consensus EPS estimate of $0.93, resulting in no surprise [11]. - Over the past four quarters, the company has beaten consensus EPS estimates twice [12]. Conclusion - Sensata does not appear to be a compelling candidate for an earnings beat, and investors should consider other factors when making decisions regarding the stock ahead of the earnings release [15].

Core Insights - Sensata Technologies Holding plc is expanding its cockpit control portfolio with the introduction of the Digital Inceptor, a lightweight and modular solution aimed at enhancing pilot controls for advanced air mobility applications [1][2] Group 1: Product Features and Innovations - The Digital Inceptor utilizes advanced micro-RVDT technology, making it the lightest passive inceptor available, and supports a range of applications including air taxis and cargo delivery [1] - It features a compact design that integrates seamlessly into various aircraft structures, with three-axis models weighing under 3.175 kilograms (7 pounds) and offering enhanced reliability through single-point-of-failure mitigation [2] - The inceptor employs a Controller Area Network (CAN) bus architecture, reducing the number of wires and simplifying the interfacing with flight control computers, which aids in the transition to electrification in aerospace [2][3] - The design includes redundant load paths and jam-resistant capabilities, ensuring safe operation, and offers flexible signal outputs in both analog and digital formats [3] Group 2: Business Outlook - Sensata's aerospace business is expected to benefit from the expansion of its cockpit control portfolio, with management projecting mid-single-digit revenue growth in 2024 for this segment [4] - However, the Sensing Solutions segment is facing challenges due to ongoing destocking, a sluggish housing construction market, and unfavorable foreign exchange rates [4] - The company is currently experiencing a high debt burden, which remains a headwind for its overall performance [4] Group 3: Stock Performance - Sensata currently holds a Zacks Rank of 4 (Sell), with its shares having lost 0.2% over the past year, contrasting with a 26.3% growth in its sub-industry [5]

Core Viewpoint - Sensata Technologies reported a decline in quarterly revenues and adjusted earnings per share, reflecting challenges in the Sensing Solutions segment and overall market conditions [1][9]. Financial Performance - Quarterly revenues totaled $1,035.5 million, down 2.5% year over year, missing consensus estimates by 0.4% [1]. - Adjusted earnings per share (EPS) for the second quarter of 2024 was 93 cents, compared to 97 cents a year ago, matching the Zacks Consensus Estimate [9]. - Total operating income increased to $129.9 million from $118 million in the previous year [13]. Segmental Results - Sensing Solutions revenues, which account for 25.9% of total revenues, were $268.1 million, down 19% year over year due to destocking, a sluggish housing market, and unfavorable foreign exchange rates [2]. - Performance Sensing revenues, making up 69.9% of total revenues, increased by 4.4% year over year to $723.9 million, driven by strong performance in automotive and heavy vehicle sectors [11]. - Other revenues, representing 4.2% of total revenues, rose 16% year over year to $43.5 million [12]. Operating Expenses and Income - Total operating expenses decreased to $905.6 million from $944 million in the prior-year quarter [3]. - Adjusted operating income was $196.7 million, a decline of 4.4% from the previous year [3]. Cash Flow and Liquidity - As of June 30, 2024, the company had $1,033 million in cash and cash equivalents and $3,170.8 million in net long-term debt, compared to $460.4 million and $3,375.5 million, respectively, as of March 31, 2024 [4]. Guidance - For the third quarter of 2024, the company projects revenues between $970 million and $1,000 million, indicating a decline of 3% to 0% [17]. - Adjusted EPS is estimated to be between 82 and 88 cents, suggesting a decline of 10% to 3% [5].

Sensata Technologies Holding plc (NYSE:ST) Q2 2024 Results Earnings Conference Call July 30, 2024 4:30 PM ET Company Participants Andrew Lynch - Vice President, Finance Martha Sullivan - Interim President and Chief Executive Officer Brian Roberts - Executive Vice President, Chief Financial Officer Conference Call Participants Joseph Leeman - Bank of America Merrill Lynch Amit Daryanani - Evercore ISI Mark Delaney - Goldman Sachs Matthew Sheerin - Stifel Financial Christopher Glynn - Oppenheimer & Co. Luke J ...

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Here is how Sensata performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Since these metrics play a crucial role in driving the top- and bottom-line numbers, co ...

A quarter ago, it was expected that this maker of sensing, electrical protection, control and power management products would post earnings of $0.86 per share when it actually produced earnings of $0.89, delivering a surprise of 3.49%. Sensata, which belongs to the Zacks Instruments - Control industry, posted revenues of $1.04 billion for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.37%. This compares to year-ago revenues of $1.06 billion. The company has topped consensus revenue e ...

Non-GAAP adjustments Many of our non-GAAP adjustments relate to a series of strategic initiatives developed by our management aimed at better positioning us for future revenue growth and an improved cost structure. These initiatives have been modified from time to time to reflect changes in overall market conditions and the competitive environment facing our business. These initiatives include, among other items, acquisitions, divestitures, restructurings of certain business, supply chain or corporate activ ...

"We are pleased to report a solid second quarter with performance in line with expectations," said Martha Sullivan, Interim President and CEO of Sensata. "Adjusted operating margins increased sequentially by thirty basis points in the second quarter, consistent with our expectations of twenty to thirty basis points of adjusted operating margin expansion per quarter in 2024. We remain committed to deliver top quartile adjusted operating margins amongst our peers." Revenue: • Operating income was $129.9 milli ...

The Zacks Instruments – Control industry is likely to have benefited from the diligent focus on energy-efficient production processes and integrated software systems in the second quarter of 2024. Industry participants, including Transcat (TRNS) , Sensata Technologies Holding (ST) and Woodward (WWD) , have been benefiting from surging demand for state-of-the-art technology for replacing legacy industrial control systems with automated products. The process instrumentation and automation industry is experien ...

Wall Street analysts expect Sensata (ST) to post quarterly earnings of $0.93 per share in its upcoming report, which indicates a year-over-year decline of 4.1%. Revenues are expected to be $1.04 billion, down 2.1% from the year-ago quarter. While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective. Analysts expect 'Ne ...