EnerSys
The 10-second takeaway
For the quarter ended Sep. 30 (Q2), EnerSys missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share expanded significantly.
Margins expanded across the board.
Revenue details
EnerSys booked revenue of $554.2 million. The eight analysts polled by S&P Capital IQ expected revenue of $568.5 million on the same basis. GAAP reported sales were 1.3% higher than the prior-year quarter's $547.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.92. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.87 per share. GAAP EPS of $0.90 for Q2 were 58% higher than the prior-year quarter's $0.57 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 25.0%, 410 basis points better than the prior-year quarter. Operating margin was 11.6%, 380 basis points better than the prior-year quarter. Net margin was 7.9%, 270 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $590.9 million. On the bottom line, the average EPS estimate is $0.89.
Next year's average estimate for revenue is $2.37 billion. The average EPS estimate is $3.67.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 386 members out of 399 rating the stock outperform, and 13 members rating it underperform. Among 76 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 75 give EnerSys a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EnerSys is outperform, with an average price target of $44.00.
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