EnerSys Sees Q2 EPS $2.05-$2.15 Vs $2.09 Est.; Revenue $880M-$920M Vs $902.32M Est.; Raises FY25 EPS Guidance From $8.55-$8.95 To $8.80-$9.20 Vs $8.70 Est.; Revenue From $3.675B-$3.825B To $3.735B-$3.885B Vs $3.73B Est.
Portfolio Pulse from Benzinga Newsdesk
EnerSys has updated its financial outlook for Q2 and FY25, raising its EPS and revenue guidance. The company expects Q2 EPS to be between $2.05 and $2.15, and revenue between $880M and $920M. For FY25, EPS guidance has been raised to $8.80-$9.20, and revenue to $3.735B-$3.885B. The updates reflect the benefits of the Bren-Tronics acquisition and positive demand trends in most end markets.
August 07, 2024 | 9:01 pm
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POSITIVE IMPACT
EnerSys has raised its Q2 and FY25 guidance, reflecting positive demand trends and the benefits of the Bren-Tronics acquisition. Q2 EPS is expected to be $2.05-$2.15, and revenue $880M-$920M. FY25 EPS guidance is now $8.80-$9.20, and revenue $3.735B-$3.885B.
EnerSys has raised its financial guidance for both Q2 and FY25, indicating strong performance and positive demand trends. The acquisition of Bren-Tronics is expected to contribute to incremental revenue. These factors are likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100