Stock Track | EnerSys Plummets 13.62% Intraday on Q3 Revenue Miss and Motive Power Segment Weakness
Stock Track
Feb 06
EnerSys (ENS) stock plummeted 13.62% during intraday trading on Thursday, extending significant losses from pre-market sessions.
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 revenue shortfall to market softness in its Motive Power segment, leading to lower volumes. This segment weakness and the disappointing revenue performance have driven sustained selling pressure throughout the trading day.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.