Sensata Technologies (ST) Reports In-Line Q1 EPS, Revenues Beat; Provdes 2Q & FY19 EPS/Revenue Views

Sensata Technologies (NYSE: ST) reported Q1 EPS of $0.85, in-line with the analyst estimate of $0.85. Revenue for the quarter came in at $870.5 million versus the consensus estimate of $852.42 million.

“We delivered strong content growth and significantly outgrew our end markets in the first quarter of 2019,” said Martha Sullivan, Chief Executive Officer of Sensata. “Our underlying secular growth is being driven by legislative mandates and consumer demand for products that are cleaner, more efficient, and more electrified. Additionally, we advanced our Electrification and Smart & Connected megatrend initiatives, including signing our first customer agreements for our Wireless Battery Management solution and our Wireless Gateway solution for on-road trucks and trailers. While our first quarter revenues were above our guidance, we expect production in the automotive and industrial end markets to be incrementally weaker for the remainder of 2019.”

GUIDANCE:

Sensata Technologies sees Q2 2019 EPS of $0.92-$0.96, versus the consensus of $1.02. Sensata Technologies sees Q2 2019 revenue of $890-914 million, versus the consensus of $912.81 million.

Sensata Technologies sees FY2019 EPS of $3.87-$4.03, versus the consensus of $3.97. Sensata Technologies sees FY2019 revenue of $3.54-3.64 billion, versus the consensus of $3.6 billion.

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

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