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EnerSys (ENS) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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EnerSys (ENS - Free Report) reported $861.5 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 6.4%. EPS of $2.56 for the same period compares to $1.27 a year ago.
The reported revenue represents a surprise of -3.93% over the Zacks Consensus Estimate of $896.77 million. With the consensus EPS estimate being $2.55, the EPS surprise was +0.39%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how EnerSys performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Motive Power: $355.40 million compared to the $370.82 million average estimate based on two analysts. The reported number represents a change of -1.8% year over year.
Net Sales- Energy Systems: $373.50 million compared to the $397.43 million average estimate based on two analysts. The reported number represents a change of -14% year over year.
Net Sales- Specialty: $132.60 million compared to the $132.93 million average estimate based on two analysts. The reported number represents a change of +6.9% year over year.
Operating Earnings- Specialty: $6 million versus $8.84 million estimated by two analysts on average.
Operating Earnings- Motive Power: $49.50 million versus the two-analyst average estimate of $53.09 million.
Shares of EnerSys have returned -1.6% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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EnerSys (ENS) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
EnerSys (ENS - Free Report) reported $861.5 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 6.4%. EPS of $2.56 for the same period compares to $1.27 a year ago.
The reported revenue represents a surprise of -3.93% over the Zacks Consensus Estimate of $896.77 million. With the consensus EPS estimate being $2.55, the EPS surprise was +0.39%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how EnerSys performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Motive Power: $355.40 million compared to the $370.82 million average estimate based on two analysts. The reported number represents a change of -1.8% year over year.
- Net Sales- Energy Systems: $373.50 million compared to the $397.43 million average estimate based on two analysts. The reported number represents a change of -14% year over year.
- Net Sales- Specialty: $132.60 million compared to the $132.93 million average estimate based on two analysts. The reported number represents a change of +6.9% year over year.
- Operating Earnings- Specialty: $6 million versus $8.84 million estimated by two analysts on average.
- Operating Earnings- Motive Power: $49.50 million versus the two-analyst average estimate of $53.09 million.
View all Key Company Metrics for EnerSys here>>>Shares of EnerSys have returned -1.6% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.