Sensata Technologies (ST) Misses Q4 EPS by 4c, Revenues Miss; Offers Q1 EPS/Revenue Guidance Below Consensus, FY19 EPS/Revenue Mid-Point Guidance Below Consensus

Sensata Technologies (NYSE: ST) reported Q4 EPS of $0.95, $0.04 worse than the analyst estimate of $0.99. Revenue for the quarter came in at $847.9 million versus the consensus estimate of $867.04 million.

“During 2018, we made significant progress against our key operational priorities. We accelerated our organic revenue growth to 6%, we increased our adjusted EBIT margins by 60 basis points, we grew our adjusted earnings per share by 14%, and we repurchased approximately $400 million of Sensata shares,” said Martha Sullivan, Chief Executive Officer. “We generated strong secular growth throughout the year and sustained this outgrowth in the fourth quarter despite facing a weaker than expected market in China and higher than expected inventory corrections at the end of quarter.

"As we look ahead to 2019, we are confident in our ability to sustain our secular growth, but the market trends we experienced in the fourth quarter lead us to anticipate weaker end markets in the coming year. We expect to generate double-digit growth in adjusted earnings per share in 2019, and we intend to continue executing value-creating capital deployment initiatives such as share repurchases and bolt-on acquisitions.”

GUIDANCE:

Sensata Technologies sees Q1 2019 EPS of $0.83-$0.87, versus the consensus of $0.95. Sensata Technologies sees Q1 2019 revenue of $840-864 million, versus the consensus of $903.95 million.

Sensata Technologies sees FY2019 EPS of $3.94-$4.10, versus the consensus of $4.07. Sensata Technologies sees FY2019 revenue of $3.58-3.68 billion, versus the consensus of $3.64 billion.

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

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