Energizer Hldgs Q1 Adj. EPS $0.59 Beats $0.56 Estimate, Sales $716.60M Beat $710.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Energizer Holdings (ENR) reported Q1 adjusted EPS of $0.59, surpassing the $0.56 estimate, with sales of $716.60M also beating the $710.80M estimate. However, this represents an 18.06% decrease in earnings and a 6.34% decrease in sales from the same period last year.
February 06, 2024 | 11:56 am
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Energizer Holdings reported a Q1 adjusted EPS of $0.59, beating estimates, and sales of $716.60M, also above expectations. However, both earnings and sales saw declines from the previous year.
Beating both EPS and sales estimates typically has a positive short-term impact on a company's stock price, as it indicates better-than-expected financial health. However, the year-on-year declines in both earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
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IMPORTANCE 90
RELEVANCE 100