Battery and lighting company Energizer (NYSE: ENR) will be reporting results this Thursday morning. Here’s what investors should know.
Energizer beat analysts’ revenue expectations by 0.8% last quarter, reporting revenues of $832.8 million, up 3.4% year on year. It was a softer quarter for the company, with EPS guidance for next quarter missing analysts’ expectations significantly and a miss of analysts’ gross margin estimates.
Is Energizer a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Energizer’s revenue to decline 3.3% year on year to $707.9 million, a reversal from the 2.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.26 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Energizer has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Energizer’s peers in the household products segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Clorox posted flat year-on-year revenue, beating analysts’ expectations by 1.9%, and Colgate-Palmolive reported revenues up 5.8%, topping estimates by 1.7%. Colgate-Palmolive traded up 7.8% following the results.
Read our full analysis of Clorox’s results here and Colgate-Palmolive’s results here.
There has been positive sentiment among investors in the household products segment, with share prices up 9% on average over the last month. Energizer is up 19.8% during the same time and is heading into earnings with an average analyst price target of $22.67 (compared to the current share price of $23.00).
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