EnerSys reports results for the quarter ended in December - Earnings Summary

EnerSys

07/02/2024 23:36

* EnerSys  ENS.N  reported quarterly adjusted earnings of
$2.56​​
per share for the quarter ended in December, higher than the
same quarter last year, when the company reported EPS of $1.27. 
The mean expectation of four analysts for the quarter was
for earnings of $2.38 per share. Wall Street expected results to
range from $1.86  to $2.55 per share.
    * Revenue fell 6.4% to $861.50 million from a year ago;
analysts
expected $898.87 million. 
    * EnerSys's reported EPS for the quarter was $1.86​.
    * The company reported quarterly net income of $76.2
million.
    * EnerSys shares had fallen by 3.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 25.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the electrical
components & equipment peer group is also "buy"

Wall Street's median 12-month price target for EnerSys is
$112.00 
This summary was machine generated from LSEG data February 7 at
11:36 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      2.38           2.56           Beat
 Sep. 30 2023      1.80           1.84           Beat
 Jun. 30 2023      1.80           1.89           Beat
 Mar. 31 2023      1.38           1.82           Beat