EnerSys (ENS) Reports Q2 Earnings: What Key Metrics Have to Say
EnerSys (ENS) reported $901 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 0.2%. EPS of $1.84 for the same period compares to $1.11 a year ago.
The reported revenue represents a surprise of -0.76% over the Zacks Consensus Estimate of $907.9 million. With the consensus EPS estimate being $1.80, the EPS surprise was +2.22%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how EnerSys performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Specialty: $123.30 million compared to the $129.58 million average estimate based on two analysts. The reported number represents a change of -0.9% year over year.
Net Sales- Motive Power: $355.20 million versus the two-analyst average estimate of $328.05 million. The reported number represents a year-over-year change of +5.1%.
Net Sales- Energy Systems: $422.50 million versus $435.75 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3.3% change.
View all Key Company Metrics for EnerSys here>>>
Shares of EnerSys have returned -8.1% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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