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Will EnerSys (ENS) Beat Estimates Again in Its Next Earnings Report?
ENSEnerSys(ENS) ZACKS·2024-10-16 17:15

Group 1 - EnerSys has consistently surpassed earnings estimates, averaging a 1.74% beat over the last two quarters [1][2] - For the last reported quarter, EnerSys earned 1.98pershare,exceedingtheZacksConsensusEstimateof1.98 per share, exceeding the Zacks Consensus Estimate of 1.97 per share by 0.51% [2] - In the previous quarter, the company reported earnings of 2.08pershareagainstanexpectationof2.08 per share against an expectation of 2.02, resulting in a surprise of 2.97% [2] Group 2 - There has been a favorable change in earnings estimates for EnerSys, with a positive Earnings ESP indicating potential for an earnings beat [3][6] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a nearly 70% chance of a positive surprise [4][6] - EnerSys currently has an Earnings ESP of +0.48%, reflecting increased analyst optimism regarding its near-term earnings potential [6] Group 3 - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate being more reflective of recent analyst revisions [5] - A negative Earnings ESP can reduce predictive power but does not necessarily indicate an earnings miss [6][7] - It is crucial for investors to check a company's Earnings ESP prior to quarterly releases to enhance the likelihood of successful investment decisions [7]