Energizer Holdings Earnings: Here’s Why Investors Like These Results

Energizer Holdings Inc. (NYSE:ENR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.87%.

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Energizer Holdings Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 47.54% to $1.8 in the quarter versus EPS of $1.22 in the year-earlier quarter.

Revenue: Decreased 0.54% to $1.1 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Energizer Holdings Inc. reported adjusted EPS income of $1.8 per share. By that measure, the company beat the mean analyst estimate of $1.27. It beat the average revenue estimate of $1.09 billion.

Quoting Management: “We are pleased with second quarter earnings and the progress we have made on our cost reduction initiatives, which are tracking ahead of plan,” said Ward Klein, Chief Executive Officer. “We experienced flat organic sales in the quarter as modest top line growth in Personal Care was offset by declines in Household Products. The growth in Personal Care was negatively impacted by extraordinary competitive promotional activity, which we believe contributed to overall category deflation. Despite these top line challenges, operating margin improvement delivered strong growth in earnings per share versus the prior year quarter.”

Key Stats (on next page)…

Revenue decreased 8.1% from $1.19 billion in the previous quarter. EPS decreased 18.18% from $2.20 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.49 to a profit $1.47. For the current year, the average estimate has moved down from a profit of $6.82 to a profit of $6.81 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)