EnerSys: Q2 Earnings Insights

EnerSys ENS reported its Q2 earnings results on Wednesday, November 10, 2021 at 04:15 PM.

Here's what investors need to know about the announcement.

EnerSys their estimated earnings by 5.61%, reporting an EPS of $1.01 versus an estimate of $1.07, which did not surprise analysts.

Revenue was up $83,000,000 from the same period last year.

Last quarter the company beat on EPS by $0.05, which was followed by a 5.21% drop in the share price the next day.

Here's a look at EnerSys's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	1.20	1.24	1.19	0.98
EPS Actual	1.25	1.30	1.27	1
Revenue Estimate	798.56M	779.23M	760.97M	723.61M
Revenue Actual	814.90M	813.50M	751.10M	708.40M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

EnerSys management provided guidance for their next quarter, expecting earnings between $1.03 and $1.13 per share for the nextquarter.

This represents a 6.93% in quarter-over-quarter growth for EnerSys, a bullish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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