Energizer (ENR) To Report Earnings Tomorrow: Here Is What To Expect
Battery and lighting company Energizer (NYSE:ENR) will be reporting earnings tomorrow before the bell. Here's what investors should know.
Last quarter Energizer reported revenues of $811.1 million, up 2.6% year on year, beating analyst revenue expectations by 2.1%. It was a slower quarter for the company, with underwhelming earnings guidance for the next quarter.
Is Energizer buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Energizer's revenue to decline 7.1% year on year to $710.8 million, improvement on the 9.6% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.57 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates four times over the last two years.
Looking at Energizer's peers in the household products segment, some of them have already reported Q1 earnings results, giving us a hint of what we can expect. Church & Dwight delivered top-line growth of 6.4% year on year, beating analyst estimates by 1.1% and Colgate-Palmolive reported revenues up 6.9% year on year, exceeding estimates by 1.4%. Both companies (Colgate-Palmolive and Church & Dwight) traded flat on the results.
Read our full analysis of Church & Dwight's results here and Colgate-Palmolive's results here.
Investors in the household products segment have had steady hands going into the earnings, with the stocks down on average 0.4% over the last month. Energizer is up 1.2% during the same time, and is heading into the earnings with analyst price target of $35.7, compared to share price of $31.8.
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The author has no position in any of the stocks mentioned.
