Sensata Technologies Holding Beats on Both Top and Bottom Lines
Sensata Technologies Holding (NYS: ST) reported earnings on May 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Sensata Technologies Holding beat expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share improved.
Gross margins contracted, operating margins dropped, net margins increased.
Sensata Technologies Holding notched revenue of $492.0 million. The eight analysts polled by S&P Capital IQ expected to see revenue of $481.3 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $444.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.49. The eight earnings estimates compiled by S&P Capital IQ predicted $0.48 per share. GAAP EPS were $0.21 for Q1 against -$0.05 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 33.9%, 370 basis points worse than the prior-year quarter. Operating margin was 16.0%, 190 basis points worse than the prior-year quarter. Net margin was 7.9%, 1,000 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $506.4 million. On the bottom line, the average EPS estimate is $0.54.
Next year's average estimate for revenue is $2.01 billion. The average EPS estimate is $2.13.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 34 members out of 38 rating the stock outperform, and four members rating it underperform. Among nine CAPS All-Star picks (recommendations by the highest-ranked CAPS members), eight give Sensata Technologies Holding a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sensata Technologies Holding is outperform, with an average price target of $35.06.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.