Battery and lighting company Energizer (NYSE: ENR) will be reporting earnings this Tuesday morning. Here’s what to look for.
Energizer beat analysts’ revenue expectations last quarter, reporting revenues of $778.9 million, up 6.5% year on year. It was a strong quarter for the company, with a solid beat of analysts’ revenue estimates and an impressive beat of analysts’ EBITDA estimates.
Is Energizer a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Energizer’s revenue to be flat year on year, in line with its flat revenue from the same quarter last year.
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 multiple 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. Procter & Gamble delivered year-on-year revenue growth of 7.4%, beating analysts’ expectations by 3.6%, and WD-40 reported revenues up 10.7%, topping estimates by 4.7%. Procter & Gamble traded up 1.8% following the results while WD-40 was down 4%.
Read our full analysis of Procter & Gamble’s results here and WD-40’s results here.
There has been positive sentiment among investors in the household products segment, with share prices up 2.8% on average over the last month. Energizer is up 16.3% during the same time and is heading into earnings with an average analyst price target of $21 (compared to the current share price of $19.60).
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