EnerSys Q1 Adj $1.98 Beats $1.95 Estimate, Sales $852.90M Miss $876.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
EnerSys (NYSE:ENS) reported Q1 earnings of $1.98 per share, beating the analyst estimate of $1.95. However, sales were $852.90 million, missing the $876.40 million estimate. Earnings increased by 4.76% year-over-year, while sales decreased by 6.13%.
August 07, 2024 | 8:59 pm
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EnerSys reported Q1 earnings of $1.98 per share, beating the estimate of $1.95. However, sales of $852.90 million missed the $876.40 million estimate. Earnings increased by 4.76% year-over-year, while sales decreased by 6.13%.
The earnings beat is a positive sign, but the sales miss and year-over-year sales decline are concerning. This mixed result may lead to neutral short-term price movement as investors weigh the positive earnings against the negative sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100