EnerSys (ENS) shares experienced a significant pre-market plunge of 8.85% on Thursday, extending losses from the previous trading session.
The sharp decline follows the company's third-quarter fiscal 2026 results, which revealed a revenue miss despite an earnings beat. EnerSys reported adjusted earnings per share of $2.77, exceeding analyst expectations, but quarterly revenue of $919.1 million fell short of consensus estimates. The company attributed the shortfall to market softness in its Motive Power segment, leading to lower volumes.
While EnerSys provided guidance for the current quarter, the negative investor reaction to the revenue performance and segment challenges appears to be driving the continued sell-off in pre-market trading.