Sensata Technologies Sees Q3 Revenue Of $980M- $1.02B vs $1.03B Est.; Adj. EPS Of $0.84 - $0.94 vs $0.96 Est.
Portfolio Pulse from Benzinga Newsdesk
Sensata Technologies has projected its Q3 revenue to be between $980M and $1.02B, lower than the estimated $1.03B. The company also expects its adjusted EPS to be between $0.84 and $0.94, which is below the estimated $0.96. Changes in foreign currency exchange rates are anticipated to decrease revenue by about $6 million and adjusted EPS by $0.03.
July 25, 2023 | 10:06 am
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Sensata Technologies' lower than expected Q3 revenue and adjusted EPS forecasts may negatively impact its stock price. The company's revenue and EPS are also expected to be negatively affected by changes in foreign exchange rates.
Sensata Technologies' lower than expected Q3 revenue and adjusted EPS forecasts indicate potential financial underperformance, which could lead to a decrease in its stock price. Additionally, the anticipated negative impact of foreign exchange rates on the company's revenue and EPS could further pressure the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100