Sensata Technologies (ST) Tops Q1 EPS by 1c, Beats on Revenues; Offers FY18 EPS/Revenue Mid-Point Outlook Below Consensus

Sensata Technologies (NYSE: ST) reported Q1 EPS of $0.85, $0.01 better than the analyst estimate of $0.84. Revenue for the quarter came in at $886.3 million versus the consensus estimate of $863.79 million.

Guidance

For the second quarter ending June 30, 2018, Sensata anticipates revenue to total between $891 million and $915 million, compared to $839.9 million in the second quarter of 2017, representing organic revenue growth of 3 to 5 percent. Additionally, the Company expects adjusted net income to be between $156 and $162 million and adjusted earnings per share to be between $0.90 and $0.94 in the second quarter of 2018, representing organic EPS growth of 5 to 10 percent.

Sensata anticipates revenue to be between $3.475 billion and $3.575 billion for full year 2018, which would represent organic revenue growth of between 3 and 5 percent. For full year 2018, Sensata expects adjusted EBIT to be between $818 and $846 million. Additionally, the Company expects adjusted net income to be between $617 million and $645 million and adjusted earnings per share to be between $3.57 and $3.73 for full year 2018, which would represent organic growth of 9 to 13 percent. Sensata expects that changes in foreign currency exchange rates will increase revenues by approximately 2 to 3 percent and will increase adjusted earnings per share by $0.10 to $0.14 for full year 2018.

GUIDANCE:

Sensata Technologies sees FY2018 EPS of $3.57-$3.73, versus the consensus of $3.66. Sensata Technologies sees FY2018 revenue of $3.475-3.575 billion, versus the consensus of $3.51 billion.

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

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