Energizer Holdings, Inc. (ENR) reported third-quarter fiscal 2024 results, wherein its top line lagged the Zacks Consensus Estimates but the bottom line surpassed the same. However, both metrics increased year over year. Energizer's strategic initiatives include Project Momentum for margin recovery, cash flow restoration and debt reduction. The company focuses on market expansion by leveraging its global platform, investing in innovation to drive growth, enhancing digital commerce capabilities and improving ...

Core Insights - Energizer Holdings (ENR) reported revenue of $701.4 million for the quarter ended June 2024, reflecting a year-over-year increase of 0.3% and an EPS of $0.79 compared to $0.54 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $705.12 million, resulting in a surprise of -0.53%, while the EPS exceeded expectations with a surprise of +17.91% against a consensus estimate of $0.67 [1] Revenue Performance - Net Sales from Batteries & Lights amounted to $509.10 million, slightly below the four-analyst average estimate of $513.75 million, showing a year-over-year decline of -0.4% [3] - Net Sales from Auto Care reached $192.30 million, surpassing the average estimate of $191.37 million based on four analysts, indicating a year-over-year increase of +2.2% [4] Profit Metrics - Segment Profit for Auto Care was reported at $26.80 million, exceeding the two-analyst average estimate of $24.72 million [5] - Segment Profit for Batteries & Lights was $129.40 million, slightly above the average estimate of $128.50 million from two analysts [6] Stock Performance - Shares of Energizer have returned -0.5% over the past month, contrasting with the Zacks S&P 500 composite's decline of -6.7% [6] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [6]

Energizer Holdings (ENR) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 17.91%. A quarter ago, it was expected that this battery and personal care products company would post earnings of $0.67 per share when it actually produced earnings of $0.72, delivering a surprise of 7.46%. Ove ...

For Immediate Release Industry: Consumer Products Companies in the Zacks Consumer Products – Staples industry have been benefiting from stable product demand as consumers manage to save for essentials, even during tough economic phases. Efforts to boost revenues through innovation, product launches and expansion into new channels, such as e-commerce, have proven successful. About the Industry Companies in the Consumer Products – Staples universe offer products to supermarkets, drug/grocery stores, departmen ...

The Zacks Consumer Products – Staples industry consists of companies involved in marketing, producing and distributing a wide range of consumer products. These include personal care items, cleaning equipment, stationery, bed and bath products and household goods like kitchen appliances, cutlery and food storage. Some industry participants also provide batteries and lighting products, whereas some offer pet food and treats, pet supplies, pet medications and pet services. Companies in the Consumer Products – ...

Energizer Holdings Inc. (ENR) has seen a remarkable uptrend in its stock performance over the past three months, driven by the strategic initiatives for sustainable growth, emphasizing consumer engagement and pricing strategies. In the said period, ENR's stock has risen approximately 8.5%, outpacing both the industry's 4.9% increase and the sector's growth of 3%. In the most recent trading session, Energizer's stock closed at $29.84, which is trading above its 50-day and 100-day moving averages, signaling s ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Another great Consumer Products - Staples stock you could consider is Newell Brands (NWL) , which is a # 1 (Strong Buy) stock with a Value Score of A. On top of the Zacks R ...

But there is more to this whole P/E story. Because not only low P/E, stocks with a rising P/E can also fetch strong returns. In this regard, investors can bet on the likes of Energizer (ENR) ,Super League Enterprise Inc. (SLE) and Enovis (ENOV) . Investors often opt for the stock-picking approach that involves stocks with a low price-to-earnings (P/E) ratio. This strategy is based on the notion that the lower the P/E ratio is, the higher the stock value. The reasoning behind this is straightforward — when a ...

ST. LOUIS, July 8, 2024 /PRNewswire/ -- Energizer Holdings, Inc. (NYSE: ENR) will report its Third Quarter Fiscal Year 2024 results before the market opens on August 6. Energizer also will discuss its results during an investor conference call that will be webcast beginning at 10 a.m. ET. The call will be hosted by Mark LaVigne, Chief Executive Officer, and John Drabik, Chief Financial Officer. All interested parties may access a live webcast of this conference call at www.energizerholdings.com, under the I ...

Alongside this, Energizer is leveraging advanced data analytics for improved pricing and revenue management, expanding brand visibility and probing strategic opportunities in attractive international markets. These initiatives are designed not just to bolster the current performance but to position Energizer strategically for future market dynamics. Image Source: Zacks Investment Research Digging Deeper The company's performance highlights robust financial health, reflecting a sound strategy that can adapt ...