Sensata (ST) Meets Q3 Earnings Estimates

Core Insights - Sensata Technologies (ST) reported quarterly earnings of $0.86 per share, matching the Zacks Consensus Estimate, but down from $0.91 per share a year ago [1] - The company posted revenues of $982.83 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 0.19% and down from $1 billion year-over-year [2] - Sensata shares have declined approximately 8.2% year-to-date, contrasting with the S&P 500's gain of 20.1% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.87 on revenues of $934.82 million, and for the current fiscal year, it is $3.55 on revenues of $3.96 billion [7] - The trend of estimate revisions for Sensata has been unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Instruments - Control industry, to which Sensata belongs, is currently ranked in the bottom 11% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Sensata's stock performance [5]