EnerSys Earnings: Here’s Why Investors are Not Happy Now

EnerSys (NYSE:ENS) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 3.23%.

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EnerSys Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 18.37% to $0.8 in the quarter versus EPS of $0.98 in the year-earlier quarter.

Revenue: Decreased 3.47% to $572.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: EnerSys reported adjusted EPS income of $0.8 per share. By that measure, the company beat the mean analyst estimate of $0.77. It missed the average revenue estimate of $580.99 million.

Quoting Management: “Our full year adjusted Net earnings per diluted share of $3.55 are the best annual earnings in our Company’s history,” stated John D. Craig, chairman, president and chief executive officer of EnerSys. “This was our third straight year of achieving record earnings and validates our strategy of being the best value in the energy storage industry. I would like to thank our customers for their ongoing support and our employees for their continued dedication and hard work. During fiscal year 2014 we will continue to implement our global growth and cost reduction strategies while expanding our premium product offerings.”

Key Stats (on next page)…

Revenue increased 2.67% from $557.32 million in the previous quarter. EPS decreased 9.09% from $0.88 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 $0.86 to a profit $0.84. For the current year, the average estimate has moved down from a profit of $3.53 to a profit of $3.51 over the last ninety days.

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