Sensata (ST) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - Sensata reported revenue of $982.83 million for Q3 2024, a decrease of 1.8% year-over-year, and EPS of $0.86, down from $0.91 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $984.66 million, resulting in a surprise of -0.19%, while the EPS met the consensus estimate [1] Revenue Performance - Net Revenue from Performance Sensing was $659.65 million, which is 12.5% lower than the year-ago figure and below the average estimate of $688.86 million from four analysts [3] - Net Revenue from Sensing Solutions reached $274.39 million, exceeding the estimated $256.27 million and reflecting an 11% increase year-over-year [3] - Other Net Revenue amounted to $48.79 million, surpassing the average estimate of $41.50 million from three analysts [3] Segment Profit Analysis - Segment Profit from Performance Sensing was $161.90 million, below the average estimate of $175.57 million from three analysts [3] - Segment Profit from Corporate and Other was $12.07 million, significantly better than the average estimate of -$70.67 million [3] - Segment Profit from Sensing Solutions was $80.97 million, slightly above the estimated $77.09 million [3] Stock Performance - Over the past month, Sensata's shares have returned -1.2%, while the Zacks S&P 500 composite increased by 0.4% [4] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [4]