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Will Energizer Holdings (ENR) Crush Estimates at Its Next Earnings Report?
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Looking for a stock that might be in a good position to beat earnings at its next report? Consider Energizer Holdings (ENR - Free Report) , a firm in the Consumer Products - Miscellaneous Discretionary industry, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, ENR has beaten estimates by at least 40% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, ENR expected to post earnings of 66 cents per share, while it actually produced earnings of $1.16 per share, a beat of 75.8%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 21 cents per share, when it actually saw earnings of 30 cents per share , representing a 42.9% positive surprise.
Thanks in part to this history, recent estimates have been moving higher for Energizer Holdings. In fact, the Earnings ESP for ENR is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for ENR, as the firm currently has a Zacks Earnings ESP of 3.57%, so another beat could be around the corner.
This is particularly true when you consider that ENR has a great Zacks Rank #1 (Strong Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that ENR could see another beat at its next report, especially if recent trends are any guide.
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Will Energizer Holdings (ENR) Crush Estimates at Its Next Earnings Report?
Looking for a stock that might be in a good position to beat earnings at its next report? Consider Energizer Holdings (ENR - Free Report) , a firm in the Consumer Products - Miscellaneous Discretionary industry, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, ENR has beaten estimates by at least 40% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, ENR expected to post earnings of 66 cents per share, while it actually produced earnings of $1.16 per share, a beat of 75.8%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 21 cents per share, when it actually saw earnings of 30 cents per share , representing a 42.9% positive surprise.
ENERGIZER HLDGS Price and EPS Surprise
ENERGIZER HLDGS Price and EPS Surprise | ENERGIZER HLDGS Quote
Thanks in part to this history, recent estimates have been moving higher for Energizer Holdings. In fact, the Earnings ESP for ENR is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for ENR, as the firm currently has a Zacks Earnings ESP of 3.57%, so another beat could be around the corner.
This is particularly true when you consider that ENR has a great Zacks Rank #1 (Strong Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that ENR could see another beat at its next report, especially if recent trends are any guide.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>