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EnerSys (NYSE:) shares closed at $85.93 on Wednesday, marking a modest 0.41% rise. Despite this increase, the company’s performance fell short compared to the S&P 500’s daily gain of 1.05%, Dow’s gain of 0.67%, and Nasdaq’s gain of 1.64%. Over the past month, EnerSys’s shares have seen an 8.3% loss, surpassing the Industrial Products sector’s loss of 5.03% and the S&P 500’s loss of 2.21%.
The company has an anticipated earnings report due on November 8, 2023. Analysts project a significant EPS growth of 63.06% to $1.81 and a moderate revenue increase of 1.39% to $911.9 million for this period. These figures reflect near-term business trends and analysts’ favorable outlook towards the company.
For the full fiscal year, expectations indicate a +45.32% change in earnings per share to $7.76 and a +1.04% change in revenue to $3.75 billion.
InvestingPro Insights
InvestingPro data provides a comprehensive view of EnerSys’s financial health and market position. With a market cap of 3530M USD and a P/E ratio of 16.55, EnerSys is trading at a low P/E ratio relative to its near-term earnings growth, as per InvestingPro Tips. The company also boasts an impressive revenue of 3718.18M USD as of Q1 2024, reflecting a growth of 8.04% in the last twelve months.
InvestingPro Tips also highlight that EnerSys has maintained dividend payments for 11 consecutive years, which is a testament to its strong financial health. This is further supported by the fact that the company operates with a moderate level of debt and its liquid assets exceed short term obligations.
InvestingPro offers a wealth of additional insights and tips, with nine more available for EnerSys alone. This data, combined with real-time metrics, can offer invaluable guidance to potential investors and market enthusiasts.
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