EnerSys Earnings: Everything You Must Know Now

EnerSys (NYSE:ENS) 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.

EnerSys Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 12.63% to $0.83 in the quarter versus EPS of $0.95 in the year-earlier quarter.

Revenue: Rose 0.57% to $597.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: EnerSys reported adjusted EPS income of $0.83 per share. By that measure, the company beat the mean analyst estimate of $0.81. It beat the average revenue estimate of $592.38 million.

Quoting Management: “During our first quarter we achieved record quarterly sales and remained above our 10% minimum operating earnings percentage goal for the sixth consecutive quarter, inspite of rising commodity costs,” stated John D. Craig, chairman, president and chief executive officer of EnerSys. “I am pleased with our first quarter adjusted earnings of $0.83 per diluted share.”

Key Stats (on next page)…

Revenue increased 4.4% from $572.12 million in the previous quarter. EPS increased 3.75% from $0.80 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.87 and has not changed. For the current year, the average estimate has moved down from a profit of $3.68 to a profit of $3.63 over the last ninety days.

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