EnerSys Q1 Adj. EPS $1.89 Beats $1.80 Estimate, Sales $908.60M Miss $962.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
EnerSys (NYSE:ENS) reported Q1 earnings of $1.89 per share, beating the analyst consensus estimate of $1.80 by 5%. This is a 64.35% increase from the same period last year. However, the company's quarterly sales of $908.60 million missed the analyst consensus estimate of $962.03 million by 5.55%, though it's a 1.07% increase from last year.
August 09, 2023 | 8:19 pm
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NEUTRAL IMPACT
EnerSys beat Q1 EPS estimates but missed on sales. EPS increased by 64.35% YoY, while sales increased by 1.07% YoY.
EnerSys reported a strong increase in EPS, beating estimates, which could positively impact the stock. However, the company missed sales estimates, which could negatively impact the stock. The net effect could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100