Battery and lighting company Energizer (NYSE:ENR) will be reporting earnings tomorrow before the bell. Here’s what to expect.
Energizer met analysts’ revenue expectations last quarter, reporting revenues of $805.7 million, flat year on year. It was a mixed quarter for the company, with full-year EBITDA guidance topping analysts’ expectations but a significant miss of analysts’ gross margin estimates.
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 grow 1.5% year on year to $727.1 million, a reversal from the 6.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.65 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 six 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. Church & Dwight delivered year-on-year revenue growth of 3.5%, beating analysts’ expectations by 1.1%, and Procter & Gamble reported revenues up 2.1%, topping estimates by 1.3%. Procter & Gamble traded up 2.8% following the results.
Read our full analysis of Church & Dwight’s results here and Procter & Gamble’s results here.
Stocks, especially growth stocks where cash flows further in the future are more important to the story, have had a good 2024. An economic soft landing (so far), the start of the Fed's rate cutting campaign, and the election of Donald Trump were positives for the market, and while some of the household products stocks have shown solid performance, the group has generally underpeformed, with share prices down 3.4% on average over the last month. Energizer is down 3.8% during the same time and is heading into earnings with an average analyst price target of $37.88 (compared to the current share price of $33.23).
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