EnerSys Q3 2024 Adj EPS $2.56 Beats $2.38 Estimate, Sales $861.50M Miss $898.87M Estimate
Portfolio Pulse from Benzinga Newsdesk
EnerSys (NYSE:ENS) reported Q3 2024 adjusted EPS of $2.56, surpassing the $2.38 estimate, marking a 101.57% increase from last year. However, their sales of $861.50M fell short of the $898.87M estimate, a 6.38% decrease from the previous year.
February 07, 2024 | 9:44 pm
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EnerSys reported a significant earnings beat but missed on sales forecasts for Q3 2024, indicating mixed financial health.
The positive earnings beat suggests operational efficiency and profitability, which could attract investors looking for growth. However, the miss on sales forecasts could raise concerns about demand and market conditions affecting EnerSys, potentially leading to cautious or mixed reactions in the short term.
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