Sensata Technologies (ST) Tops Q3 EPS by 1c, Beats on Revenues; Q4/FY17 Revenue Guidance Above Consensus

Sensata Technologies (NYSE: ST) reported Q3 EPS of $0.81, $0.01 better than the analyst estimate of $0.80. Revenue for the quarter came in at $819.1 million versus the consensus estimate of $803.77 million.

Guidance

For the fourth quarter ending December 31, 2017, Sensata anticipates revenue to total between $808 million and $832 million, compared to $788.4 million in the fourth quarter of 2016, representing organic revenue growth of 2 to 3 percent. Additionally, the Company expects adjusted net income to be between $142 and $149 million and adjusted earnings per share to be between $0.82 and $0.86 in the fourth quarter of 2017, representing organic growth of 7 to 12 percent.

For the full year 2017, Sensata is raising guidance for organic revenue growth and narrowing the range of its guidance for adjusted EBIT, adjusted net income and adjusted EPS. The Company expects revenues of $3.274 to $3.298 billion, which assumes organic revenue growth of approximately 3 to 4 percent, up from its previous guidance of 2 to 3 percent. For the full year 2017, Sensata expects adjusted EBIT to be between $744 and $751 million. Additionally, the Company expects adjusted net income to be between $541 million and $548 million and adjusted earnings per share to be between $3.14 and $3.18 for full year 2017, which assumes organic earnings growth of 10 to 11 percent.

GUIDANCE:

Sensata Technologies sees Q4 2017 EPS of $0.82-$0.86, versus the consensus of $0.85. Sensata Technologies sees Q4 2017 revenue of $808-832 million, versus the consensus of $808.79 million.

Sensata Technologies sees FY2017 EPS of $3.14-$3.18, versus the consensus of $3.16. Sensata Technologies sees FY2017 revenue of $3.274-3.298 billion, versus the consensus of $3.26 billion.

For earnings history and earnings-related data on Sensata Technologies (ST) click here.

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