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Strattec Security (STRT) Tops Q2 Earnings and Revenue Estimates
STRTSTRATTEC(STRT) ZACKS·2025-02-06 23:47

Group 1 - Strattec Security reported quarterly earnings of 0.65pershare,exceedingtheZacksConsensusEstimateof0.65 per share, exceeding the Zacks Consensus Estimate of 0.28 per share, and showing an increase from 0.26pershareayearago,resultinginanearningssurpriseof132.140.26 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 118.53millionyear−over−year[2]−StrattecSecurityhasoutperformedconsensusEPSestimatesinallfourofthelastquartersandhastoppedconsensusrevenueestimatesthreetimesduringthesameperiod[2]Group2−Thestockhasunderperformedthemarket,losingabout11.6118.53 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 137.1million,andforthecurrentfiscalyear,itis137.1 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]