EnerSys: Q3 Earnings Insights

EnerSys ENS reported its Q3 earnings results on Wednesday, February 9, 2022 at 04:15 PM.

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

EnerSys beat estimated earnings by 2.02%, reporting an EPS of $1.01 versus an estimate of $0.99.

Revenue was up $92.90 million from the same period last year.

Last quarter the company missed on EPS by $0.06, which was followed by a 3.67% drop in the share price the next day.

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

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	1.07	1.20	1.24	1.19
EPS Actual	1.01	1.25	1.30	1.27
Revenue Estimate	812.20M	798.56M	779.23M	760.97M
Revenue Actual	791.40M	814.90M	813.50M	751.10M

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 $1.11 and $1.21 per share for the next quarter.

This represents a 14.85% 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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