EnerSys expected to post earnings of $2.38 a share - Earnings Preview

EnerSys

05/02/2024 21:34

* EnerSys  ENS.N   ENS  is expected to show a fall in
quarterly
revenue when it reports  results on February 7 for the period
ending December 31 2023
    * The Reading Pennsylvania-based  company is expected to
report a
2.3% decrease in revenue to $898.869 million from $920.2 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for EnerSys is for earnings
of
$2.38 per share. The company's EPS guidance on December 19 2023,
for the period ended December 31, was between 2.50 and 2.60 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"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
$112.00​, above​ its last closing price of $97.64. ​​​

The company's guidance on November 9 2023 for the period ended
December 31 was for gross profit margin between 25% and 27%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.80        1.80       1.84      Beat    2.1
 Jun. 30 2023  1.80        1.80       1.89      Beat    4.9
 Mar. 31 2023  1.38        1.38       1.82      Beat    32.1​
 Dec. 31 2022  1.23        1.23       1.27      Beat    3.3
 ​​Sep.        1.08        1.08       1.11      Beat    3.1
 30 2022                                                
 Jun. 30 2022  1.15        1.15       1.15      Met     0.4​
 Mar. 31 2022  1.15        1.15       1.20      Beat    4.2
 Dec. 31 2021  1.00        1.04       1.01      Missed  -2.4
 This summary was machine generated February 5 at 21:34 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)