Energizer Hldgs Q2 Adj $0.72 Beats $0.67 Estimate, Sales $663.30M Miss $664.05M Estimate
Portfolio Pulse from Benzinga Newsdesk
Energizer Holdings (ENR) reported Q2 adjusted earnings of $0.72 per share, surpassing the consensus estimate of $0.67, marking a 7.46% beat and a 12.5% increase from the previous year. However, their quarterly sales of $663.30 million fell slightly short of the $664.05 million estimate, representing a 0.11% miss and a 3.04% decrease from the previous year.
May 07, 2024 | 10:52 am
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Energizer Holdings reported higher-than-expected Q2 earnings but missed on sales estimates, indicating mixed financial performance.
The beat on earnings per share (EPS) suggests operational efficiency and could be positive for investor sentiment, potentially offsetting the slight miss on sales. The mixed results present a neutral outlook in the short term as the positive earnings surprise may balance out concerns over the sales miss.
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