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Here's Why EnerSys (ENS) is a Strong Growth Stock
ZACKS· 2024-06-17 14:51
Core Insights - The Zacks Style Scores provide a framework for evaluating stocks based on value, growth, and momentum characteristics, helping investors identify potential outperformers in the market [2][4][14]. Value Investing - The Value Style Score focuses on identifying stocks that are undervalued based on financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow, aiming to find attractive investment opportunities [5]. Growth Investing - The Growth Style Score assesses projected and historical earnings, sales, and cash flow to identify stocks with sustainable long-term growth potential, with EnerSys (ENS) being highlighted for its forecasted year-over-year earnings growth of 4.7% for the current fiscal year [2][11]. Momentum Investing - The Momentum Style Score is designed to capitalize on trends in stock prices or earnings outlooks, utilizing metrics like one-week price changes and monthly earnings estimate changes to identify optimal entry points for investments [6]. VGM Score - The VGM Score combines the Value, Growth, and Momentum Style Scores, serving as a comprehensive indicator for investors looking to balance these three investment styles [7]. Zacks Rank - The Zacks Rank is a proprietary stock-rating model that has shown strong historical performance, with 1 (Strong Buy) stocks yielding an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8]. EnerSys (ENS) Overview - EnerSys is engaged in manufacturing and distributing industrial batteries, battery chargers, and related equipment, and has a Zacks Rank of 3 (Hold) with a VGM Score of A, indicating a solid position in the market [19][25]. - Recent analyst activity shows two analysts have revised their earnings estimates higher for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.12 to $8.74 per share, and ENS has an average earnings surprise of 2.7% [20].
Should You Buy EnerSys (ENS) After Golden Cross?
ZACKS· 2024-05-30 14:55
Enersys (ENS) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ENS's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross." There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving average. Typically, a gol ...
Here's Why You Should Retain EnerSys (ENS) in Your Portfolio Now
zacks.com· 2024-05-27 13:16
EnerSys (ENS) has been witnessing solid momentum in its Motive Power segment, supported by strong orders for its products in electric industrial forklift trucks market. The segment's revenues increased 3% year over year in the fourth quarter of fiscal 2024 (ended March 2024). The global megatrends including 5G expansion, rural broadband build-outs, electrification, automation and decarbonization are expected to support the company's growth in the quarters ahead. EnerSys intends to strengthen and expand its ...
Why Shares of EnerSys and Ameresco Are Soaring This Week, but Lithium Americas Is Crashing
fool.com· 2024-05-24 18:13
From the end of trading last Friday through the market's close Thursday, shares of Enersys and Ameresco were up 12% and 17.8%, respectively, while Lithium Americas stock was down by 15%. While some green energy stocks are charging higher, one lithium stock is the subject of considerable skepticism. What's powering the bulls' buying activity? While the S&P 500 is on course to end the week lower than where it began, shares of battery stock EnerSys (ENS -0.94%) and energy-efficiency leader Ameresco (AMRC 5.17% ...
Enersys (ENS) Q4 Earnings and Revenues Surpass Estimates
zacks.com· 2024-05-23 16:06
Enersys (ENS) reported fourth-quarter fiscal 2024 (ended Mar 31, 2024) adjusted earnings of $2.08 per share, which surpassed the Zacks Consensus Estimate of $2.02. The bottom line surged 14.3% year over year due to lower sales costs. Enersys' total revenues of $911 million beat the consensus estimate of $900 million. The top line declined 8% year over year due to temporary spending pauses in telecom and broadband. Organic sales decreased 7% and foreign currency translation had an adverse impact of 1% on sal ...
EnerSys (ENS) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
zacks.com· 2024-05-22 23:01
Core Insights - EnerSys reported revenue of $910.7 million for the quarter ended March 2024, marking an 8% year-over-year decline, while EPS increased to $2.08 from $1.82 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $899.77 million by 1.22%, and the EPS also surpassed the consensus estimate of $2.02 by 2.97% [1] Financial Performance Metrics - Specialty Net Sales were $146.50 million, slightly above the average estimate of $144.55 million, reflecting a year-over-year decline of 1.1% [4] - Motive Power Net Sales reached $394.80 million, exceeding the average estimate of $366.22 million, with a year-over-year increase of 2.9% [4] - Energy Systems Net Sales were reported at $369.40 million, below the estimated $377.90 million, showing a significant year-over-year decline of 19.4% [4] - Operating Earnings for Energy Systems were -$4.90 million, contrasting with the average estimate of $14.58 million from analysts [4] - Operating Earnings for Motive Power were $53.90 million, slightly above the average estimate of $53.83 million [4] - Operating Earnings for Specialty were $6.70 million, below the average estimate of $8.49 million [4] Stock Performance - EnerSys shares have returned +6.3% over the past month, while the Zacks S&P 500 composite increased by +7.3% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance compared to the broader market in the near term [3]
EnerSys(ENS) - 2024 Q4 - Annual Report
2024-05-22 20:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended March 31, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Commission file number: 001-32253 ENERSYS (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 23-30 ...
Unveiling EnerSys (ENS) Q4 Outlook: Wall Street Estimates for Key Metrics
zacks.com· 2024-05-17 14:15
Analysts on Wall Street project that EnerSys (ENS) will announce quarterly earnings of $2.02 per share in its forthcoming report, representing an increase of 11% year over year. Revenues are projected to reach $899.77 million, declining 9.1% from the same quarter last year. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Prior to a company's earnings ann ...
Wall Street Favorites: 3 Battery Stocks With Strong Buy Ratings for April 2024
InvestorPlace· 2024-04-10 16:54
Battery stocks are at a critical juncture. Due to the current oversupply and demand dynamics, core metals lithium, cobalt, and nickel prices have fallen to multi-year lows. Moreover, Goldman Sachs projects a massive downtrend in cobalt, nickel, and lithium carbonate over the next 12 months.Nevertheless, the long-term outlook for battery stocks remains highly compelling, which makes the current downturn a temporary, manageable setback. Furthermore, according to Inkwood Research, the global battery market is ...
ENS vs. ZWS: Which Stock Should Value Investors Buy Now?
Zacks Investment Research· 2024-04-10 16:40
Investors looking for stocks in the Manufacturing - Electronics sector might want to consider either EnerSys (ENS) or Zurn Water (ZWS) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimate r ...