Skip to main content

Market Overview

Sensata Posts Upbeat Q4 Earnings, Issues Optimistic Guidance Led By Auto Market Recovery

Share:
  • Sensata Technologies Holding PLC (NYSE: STreported year-on-year revenue growth of 7.1% to $906.5 million, beating estimates by $9.75 million in the fourth quarter of FY20.
  • Organic revenue growth of 5.3%, supported by a 1.8% increase in currency, drove the growth rate.
  • Operating income rose by 27.7% to $154.2 million, while EPS declined 4.5% to $0.85, exceeding consensus estimates by $0.07.
  • Operating cash flow fell 9.6% to $559.8 million, and debt financing rose by 156% to $1.15 billion.
  • “Beyond improvements in end markets, Sensata’s growth outpaced the automotive market by 970 basis points and the heavy vehicle market by 990 basis points during the quarter,” said Sensata CEO Jeff Cote.
  • Sensata projects a 13$ to 18% revenue growth between $875 to $915 million in the first quarter of FY21, higher than the analyst consensus of $871.71 million. Net income growth estimates stand between 27% to 47% at $106 million to $122 million. Expected EPS growth lies between 26% to 45% at $0.67 to $0.77, compared to the analyst estimate of $0.74.
  • Price action: Sensata shares closed 2.31% lower at $54.11 Tuesday.
 

Related Articles (ST)

View Comments and Join the Discussion!

Posted-In: Auto Industry EVsEarnings News Guidance Tech Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com