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Compared to Estimates, Sensata (ST) Q2 Earnings: A Look at Key Metrics
ZACKS· 2024-07-30 00:00
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 ...
Sensata (ST) Meets Q2 Earnings Estimates
ZACKS· 2024-07-29 22:30
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 ...
Sensata(ST) - 2024 Q2 - Quarterly Report
2024-07-29 21:14
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 ...
Sensata(ST) - 2024 Q2 - Quarterly Results
2024-07-29 20:04
"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 ...
Can These 3 Instruments Control Stocks Beat Earnings Targets?
ZACKS· 2024-07-25 14:35
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 ...
Sensata (ST) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
ZACKS· 2024-07-25 14:21
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 ...
Sensata (ST) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release
ZACKS· 2024-07-22 15:06
The market expects Sensata (ST) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July ...
Sensata (ST) Boosts Portfolio With New SGX Series Contactors
ZACKS· 2024-06-17 13:50
Company Overview - Motorola provides services and solutions to government segments, public safety programs, large enterprises, and wireless infrastructure service providers, focusing on analog and digital two-way radio, voice and data communications products, and end-to-end enterprise mobility solutions [1] - Sensata Technologies (ST) is a global industrial technology company that develops, manufactures, and sells sensors and sensor-rich solutions, as well as electrical protection components and systems [5] Recent Financial Performance - In the last reported quarter, ST's revenues increased by 0.9% year over year to $1,006.7 million, surpassing the consensus mark by 1.9% [2] Product Launches and Innovations - Sensata recently launched its SGX Series of contactors, designed for low-power applications such as residential energy storage systems and DC fast charging stations [3] - The SGX Series includes models SGX150, SGX250, and SGX400, featuring gas-backfilled designs for low and stable contact resistance, optimized for specific applications [9][10] - ST enhanced its PreView Radar product portfolio with the launch of PreView STA79, aimed at improving operator awareness and fleet safety for medium and heavy-duty vehicles [6] Technological Advancements - The SGX Series contactors utilize ceramic-to-metal weld technology for a hermetically sealed design, allowing usage up to 175°C and effective management of over-current situations [4] - The SGX Series adheres to industry standards such as IEC 60664-1 and RoHS, and is UL certified, ensuring compliance with safety and performance requirements [11] Business Growth and Market Position - Sensata has secured over $2.3 billion in new business over the past three years, with $1.3 billion coming from the electrification business, indicating strong growth in this sector [7] - Frequent product launches are contributing to top-line expansion for Sensata, positioning the company for robust organic growth [14] Stock Performance - ST currently holds a Zacks Rank 3 (Hold), with shares having lost 15.9% over the past year compared to the sub-industry's growth of 18.6% [12]
Sensata: Still Frustrating, But New CEO And Elliott's Involvement Could Finally Drive Change
Seeking Alpha· 2024-06-12 21:56
choochart choochaikupt/iStock via Getty Images Sensata Technologies (NYSE:ST) has been an exasperating company to follow. Although there aren't really great "apples to apples" comps for the company, it doesn't really matter if you evaluate it as an auto supplier, an industrial, or some sort of technology-driven hybrid. By any metric, the shares have been a notable underperformer over the last five years, not to mention the year and a half or so since my last update on the company. I could argue that the com ...
Sensata (ST) Up 9% Since Last Earnings Report: Can It Continue?
zacks.com· 2024-05-29 16:35
Will the recent positive trend continue leading up to its next earnings release, or is Sensata due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Sensata's Q1 Earnings Surpass Estimates Sensata reported first-quarter 2024 adjusted earnings per share (EPS) of 89 cents compared with 92 cents reported a year ago. The bottom line surpassed the Zacks Consen ...