Compared to Estimates, Energizer (ENR) Q3 Earnings: A Look at Key Metrics

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]