Energizer Holdings (ENR) Lags Q2 Earnings and Revenue Estimates

Core Insights - Energizer Holdings reported quarterly earnings of $0.67 per share, missing the Zacks Consensus Estimate of $0.68 per share, and down from $0.72 per share a year ago, representing an earnings surprise of -1.47% [1] - The company posted revenues of $662.9 million for the quarter, missing the Zacks Consensus Estimate by 0.97%, and slightly down from $663.3 million year-over-year [2] - Energizer shares have declined approximately 25.8% year-to-date, contrasting with the S&P 500's decline of -3.9% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.85 on revenues of $711.31 million, and for the current fiscal year, it is $3.58 on revenues of $2.93 billion [7] - The estimate revisions trend for Energizer is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Consumer Products - Staples industry, to which Energizer belongs, is currently ranked in the bottom 27% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Another company in the same industry, Edgewell Personal Care, is expected to report quarterly earnings of $0.90 per share, reflecting a year-over-year increase of 2.3% [9]