In This Article:
Battery and lighting company Energizer (NYSE:ENR) will be reporting earnings tomorrow before market hours. Here’s what investors should know.
Energizer beat analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $731.7 million, up 2.1% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but a significant miss of analysts’ gross margin estimates.
Is Energizer a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Energizer’s revenue to be flat year on year at $669.7 million, improving from the 3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.68 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. Energizer has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Energizer’s peers in the household products segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Colgate-Palmolive’s revenues decreased 3.1% year on year, beating analysts’ expectations by 0.6%, and Procter & Gamble reported a revenue decline of 2.1%, falling short of estimates by 1.9%. Colgate-Palmolive traded down 1.8% following the results while Procter & Gamble was also down 2.8%.
Read our full analysis of Colgate-Palmolive’s results here and Procter & Gamble’s results here.
There has been positive sentiment among investors in the household products segment, with share prices up 3% on average over the last month. Energizer’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $33.25 (compared to the current share price of $27.13).
Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.