EnerSys expected to post earnings of $1.80 a share - Earnings Preview

EnerSys

07/08/2023 21:16

* EnerSys  ENS.N   ENS  is expected to show a rise in
quarterly
revenue when it reports  results on August 9. 
    * The Reading Pennsylvania-based  company is expected to
report  a
7.0% increase in revenue to $962.034 million from $898.97
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for EnerSys is for
earnings
of $1.80 per share. The company's EPS guidance on May 24 2023,
for the period ended June 30, was between 1.77 and 1.87 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for EnerSys is
$120​,
above​ its last closing price of $104.50. ​​​

The company's guidance on May 24 2023 for the period ended June
30 was for Capital Expenditures of 120 million.The company's
guidance on May 24 2023 for the period ended June 30 was for
gross profit margin between 24.5% and 26.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  1.38        1.38       1.82      Beat    32.1
 Dec. 31 2023  1.23        1.23       1.27      Beat    3.3
 Sep. 30 2022  1.08        1.08       1.11      Beat    3.1​
 Jun. 30 2022  1.15        1.15       1.15      Met     0.4
 ​​Mar.        1.15        1.15       1.20      Beat    4.2
 31 2022                                                
 Dec. 31 2021  1.00        1.04       1.01      Missed  -2.4​
 Sep. 30 2021  1.07        1.07       1.01      Missed  -5.5
 Jun. 30 2021  1.20        1.20       1.25      Beat    4.2
 This summary was machine generated August 7 at 20:16 GMT.  All
figures in US dollars  unless otherwise stated