Sensata Technologies Holding
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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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 of Motley 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.