The market has a case of bad breath. Reread that one more time. I’m not saying it has halitosis, I’m saying that there have been a whole lot of losing stocks versus winning stocks. Even as the market has kicked up to all-time highs, the rising tide has not lifted all of the boats in the harbor. One such stock that has been lagging behind is today’s Bear of the Day.
I’m talking about Energizer (ENR - Free Report) . Energizer Holdings, Inc., together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid batteries.
Energizer is in the Consumer Products – Staples industry which ranks in the Bottom 11% of our Zacks Industry Rank. Energizer is currently a Zacks Rank #4 (Sell). The reason for the unfavorable rank is the recent negative earnings estimate revisions coming from analysts. Over the last sixty days, analysts have cut their earnings estimates for the current year and next year. The negative revisions have dropped our Zacks Consensus Estimate for the current year from $3.47 to $3.44 while next year’s number is off from $3.71 to $3.52.
Investors looking for other stocks within the same industry have a few Zacks Rank #2 (Buy) stocks to investigate further. These stocks include ARKO (ARKO - Free Report) and Albertsons (ACI - Free Report) .
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
The market has a case of bad breath. Reread that one more time. I’m not saying it has halitosis, I’m saying that there have been a whole lot of losing stocks versus winning stocks. Even as the market has kicked up to all-time highs, the rising tide has not lifted all of the boats in the harbor. One such stock that has been lagging behind is today’s Bear of the Day.
I’m talking about Energizer (ENR - Free Report) . Energizer Holdings, Inc., together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid batteries.
Energizer is in the Consumer Products – Staples industry which ranks in the Bottom 11% of our Zacks Industry Rank. Energizer is currently a Zacks Rank #4 (Sell). The reason for the unfavorable rank is the recent negative earnings estimate revisions coming from analysts. Over the last sixty days, analysts have cut their earnings estimates for the current year and next year. The negative revisions have dropped our Zacks Consensus Estimate for the current year from $3.47 to $3.44 while next year’s number is off from $3.71 to $3.52.
Investors looking for other stocks within the same industry have a few Zacks Rank #2 (Buy) stocks to investigate further. These stocks include ARKO (ARKO - Free Report) and Albertsons (ACI - Free Report) .
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
Get the latest research report on ACI - FREE
Get the latest research report on ENR - FREE
Get the latest research report on ARKO - FREE