EnerSys Beats Earnings and Revenue Estimates, Reports Non-GAAP EPS of $1.82
June 26, 2023
🌥️Trending News
ENERSYS ($NYSE:ENS) (NYSE:ENS) recently reported Non-GAAP EPS of $1.82, which beat expectations by $0.44.
In addition, revenue of $990M surpassed estimates by $36.95M. This news is a major win for shareholders of the industrial battery maker. ENERSYS is a global provider of stored energy solutions for industrial and automotive applications. The company provides advanced deep-cycle batteries, reserve power systems, and related products and services to a broad range of markets, including electric utility, telecommunications, UPS, motive power and recreational vehicle industries. It also supplies aerospace and defense customers worldwide with reserve power systems and a variety of specialty batteries.
Price History
On Wednesday, EnerSys reported financial results that beat analysts’ estimates. Despite this positive news, the company’s stock opened up at $84.9 and closed at $84.1, down 1.9% from the prior closing price of $85.7. This could be due to investors looking for more details on the company’s outlook for the next quarter. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Enersys. EnerSys_Beats_Earnings_and_Revenue_Estimates_Reports_Non-GAAP_EPS_of_1.82″>More…
| Total Revenues | Net Income | Net Margin |
| 3.71k | 175.81 | 5.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Enersys. EnerSys_Beats_Earnings_and_Revenue_Estimates_Reports_Non-GAAP_EPS_of_1.82″>More…
| Operations | Investing | Financing |
| 279.94 | -44.8 | -270.45 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Enersys. EnerSys_Beats_Earnings_and_Revenue_Estimates_Reports_Non-GAAP_EPS_of_1.82″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.62k | 2.01k | 39.13 |
Key Ratios Snapshot
Some of the financial key ratios for Enersys are shown below. EnerSys_Beats_Earnings_and_Revenue_Estimates_Reports_Non-GAAP_EPS_of_1.82″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.3% | 5.0% | 7.3% |
| FCF Margin | ROE | ROA |
| 5.2% | 10.8% | 4.7% |
Analysis
At GoodWhale, we have analyzed ENERSYS‘s financials and have determined that it is a high risk investment in terms of financial and business aspects. We have detected two risk warnings in the income sheet and balance sheet which can be viewed on our website, goodwhale.com. It is important to take these warnings into account when considering an investment in ENERSYS. We recommend that you view our analysis and the associated risk warnings before making a decision. More…
Peers
The company competes with ESS Tech Inc, Shandong Sacred Sun Power Sources Co Ltd, Eos Energy Enterprises Inc, among others. EnerSys has a diversified product portfolio and a strong market position. The company’s products are used in a variety of applications including material handling, oil and gas, power generation, transportation, and other industrial applications.
– ESS Tech Inc ($NYSE:GWH)
Founder and CEO of the company is Jean-luc Roy. The company provides software for the management and analysis of data. The company went public in May of 2017. The company’s market cap as of December of 2020 was $525.68 million. The company’s ROE as of December of 2020 was -188.29%.
– Shandong Sacred Sun Power Sources Co Ltd ($SZSE:002580)
Shandong Sacred Sun Power Sources Co Ltd is a leading manufacturer of solar panels and related products. The company has a market cap of 4.97B as of 2022 and a return on equity of 4.18%. The company’s products are used in a variety of applications, including solar power plants, residential and commercial rooftops, and portable solar power systems.
– Eos Energy Enterprises Inc ($NASDAQ:EOSE)
Eos Energy Enterprises Inc is a publicly traded company with a market capitalization of 86.7 million as of 2022. The company has a return on equity of 163.71%. Eos Energy Enterprises Inc is engaged in the business of developing and commercializing energy storage solutions based on zinc-air batteries.
Summary
EnerSys has reported strong financial results for the quarter, beating expectations for both earnings per share (EPS) and revenue. The company experienced a solid performance from its key operating segments, including industrial and energy, and automotive and telecom. These results suggest that the company is well-positioned for future growth in its markets, and indicate that the current market outlook for EnerSys remains positive. Investors should continue to monitor EnerSys’ financial performance to ensure that the company maintains its momentum.
Related Posts
Recent Posts
