Battery manufacturer EnerSys (NYSE:ENS) will be announcing earnings results tomorrow afternoon. Here’s what to expect.
EnerSys missed analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $883.7 million, down 1.9% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates but a miss of analysts’ sales volume estimates.
Is EnerSys a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting EnerSys’s revenue to grow 8.2% year on year to $932.6 million, a reversal from the 6.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.87 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at EnerSys’s peers in the electrical equipment segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Nextracker’s revenues decreased 4.4% year on year, beating analysts’ expectations by 3.6%, and LSI reported revenues up 35.5%, topping estimates by 14.3%. Nextracker traded up 24.3% following the results while LSI was also up 11.7%.
Read our full analysis of Nextracker’s results here and LSI’s results here.
Investors in the electrical equipment segment have had steady hands going into earnings, with share prices flat over the last month. EnerSys’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $115.15 (compared to the current share price of $93.70).
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