Strattec Security (STRT) Tops Q2 Earnings and Revenue Estimates

Group 1 - Strattec Security reported quarterly earnings of $0.65 per share, exceeding the Zacks Consensus Estimate of $0.28 per share, and showing an increase from $0.26 per share a year ago, resulting in an earnings surprise of 132.14% [1] - The company achieved revenues of $129.92 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 3.85% and increasing from $118.53 million year-over-year [2] - Strattec Security has outperformed consensus EPS estimates in all four of the last quarters and has topped consensus revenue estimates three times during the same period [2] Group 2 - The stock has underperformed the market, losing about 11.6% since the beginning of the year, while the S&P 500 has gained 3.1% [3] - The current consensus EPS estimate for the upcoming quarter is $0.69 on revenues of $137.1 million, and for the current fiscal year, it is $2.76 on revenues of $537.6 million [7] - The Automotive - Original Equipment industry, to which Strattec Security belongs, is currently ranked in the bottom 33% of over 250 Zacks industries, indicating potential challenges for stock performance [8]