EnerSys Q1 adjusted EPS jumps 64%, beating estimates
EnerSys Q1 adjusted EPS jumps 64%, beating estimates
Overview
US stored energy solutions provider's fiscal Q1 net sales rose 5%, slightly beating analyst expectations
Adjusted diluted EPS for fiscal Q1 rose 64%, beating analyst expectations
Company raised quarterly dividend by 10% and repurchased $50 mln in shares
Outlook
EnerSys sees Q2 net sales of $955 mln to $995 mln
Company expects Q2 adjusted diluted EPS of $3.15 to $3.25, or $1.95 to $2.05 ex IRC 45X
EnerSys anticipates FY27 capital expenditures of about $70 mln
Result Drivers
END-MARKET DEMAND - Co said growth in data centers, communications, and aerospace & defense drove sales and margin expansion
PRICING AND MIX - Co attributed sales increase to 3% higher pricing and favorable product mix, along with a 1% benefit from foreign currency
TARIFF REFUND - Co's results benefited from a $30.9 mln tariff refund in the quarter
Company press release: ID:nBw9YfSz8a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Sales | Slight Beat* | $935.60 mln | $927.95 mln (5 Analysts) |
Q1 Adjusted EPS | Beat | $3.66 | $2.83 (5 Analysts) |
Q1 EPS |
| $3.09 |
|
Q1 Net Income |
| $116.50 mln |
|
Q1 Operating Earnings |
| $151.40 mln |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy"
Wall Street's median 12-month price target for EnerSys is $265.00, about 42.3% above its August 11 closing price of $186.21
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 18 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)