Energizer Holdings (ENR) got here out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.64 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of seven.46%. 1 / 4 in the past, it was anticipated that this battery and private care merchandise firm would submit earnings of $0.57 per share when it really produced earnings of $0.59, delivering a shock of three.51%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates thrice.
Energizer
The sustainability of the inventory’s rapid worth motion based mostly on the recently-released numbers and future earnings expectations will principally depend upon administration’s commentary on the earnings name.
Energizer shares have misplaced about 7% for the reason that starting of the 12 months versus the S&P 500’s acquire of 8.6%.
What’s Subsequent for Energizer?
Whereas Energizer has underperformed the market thus far this 12 months, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist buyers deal with that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified currently.
Empirical analysis exhibits a robust correlation between near-term inventory actions and traits in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested score instrument just like the Zacks Rank, which has a formidable observe file of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions development for Energizer: favorable. Whereas the magnitude and route of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #2 (Purchase) for the inventory. So, the shares are anticipated to outperform the market within the close to future. You may see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It will likely be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.69 on $713.32 million in revenues for the approaching quarter and $3.21 on $2.9 billion in revenues for the present fiscal 12 months.
Traders needs to be aware of the truth that the outlook for the trade can have a fabric affect on the efficiency of the inventory as properly. When it comes to the Zacks Business Rank, Shopper Merchandise – Staples is at the moment within the high 27% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One different inventory from the identical trade, Edgewell Private Care (EPC), is but to report outcomes for the quarter ended March 2024. The outcomes are anticipated to be launched on Could 8.
This client merchandise maker is predicted to submit quarterly earnings of $0.74 per share in its upcoming report, which represents a year-over-year change of +32.1%. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
Edgewell Private Care’s revenues are anticipated to be $608.59 million, up 1.7% from the year-ago quarter.
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Energizer Holdings, Inc. (ENR) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
