Energizer (ENR) Q3 Earnings Report Preview: What To Look For
Battery and lighting company Energizer (NYSE:ENR) will be reporting earnings tomorrow before the bell. Here’s what you need to know.
Energizer met analysts’ revenue expectations last quarter, reporting revenues of $701.4 million, flat year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ EBITDA estimates but a 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 $805.4 million, slowing from the 2.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.17 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 Q3 results, giving us a hint as to what we can expect. Clorox delivered year-on-year revenue growth of 27.1%, beating analysts’ expectations by 7.6%, and Spectrum Brands reported revenues up 4.5%, topping estimates by 3.5%. Clorox traded up 1.2% following the results.
Read our full analysis of Clorox’s results here and Spectrum Brands’s results here.
Investors in the household products segment have had steady hands going into earnings, with share prices flat over the last month. Energizer is up 4.4% during the same time and is heading into earnings with an average analyst price target of $34.67 (compared to the current share price of $33.92).
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