Yahoo Finance Earnings To Watch: Energizer (ENR) Reports Q1 Results Tomorrow
Battery and lighting company Energizer (NYSE:ENR) will be announcing earnings results tomorrow before the bell. Here's what you need to know.
Energizer met analysts' revenue expectations last quarter, reporting revenues of $716.6 million, down 6.3% year on year. It was a mixed quarter for the company, with revenue and EPS exceeding expectations. On the other hand, while next quarter's EPS outlook was below expectations, full year EPS guidance was in line.
Is Energizer a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Energizer's revenue to decline 2.9% year on year to $664 million, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.67 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 Q1 results, giving us a hint as to what we can expect. Clorox's revenues decreased 5.3% year on year, missing analysts' expectations by 3%, and Procter & Gamble reported flat revenue, falling short of estimates by 1.2%. Clorox traded down 5.6% following the results while Procter & Gamble was up 2.1%.
Read our full analysis of Clorox's results here and Procter & Gamble's results here.
Investors in the household products segment have had steady hands going into earnings, with share prices flat over the last month. Energizer is up 2.9% during the same time and is heading into earnings with an average analyst price target of $33.7 (compared to the current share price of $29.19).
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