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The plaintiffs said the alleged conspiracy began in 2018, and left other retailers at risk of being cut off by Energizer if they charged less than Walmart.
Energizer's (ENR) fiscal first-quarter earnings beat estimates by a couple of cents. Amid challenges, the company is focusing on cost-saving measures and undertaking strategic endeavors.
Energizer Holdings (ENR) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.72 per share a year ago.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Energizer (ENR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Energizer Holdings is a well-known brand in the battery production space, but operates in mature markets. Despite a decline in revenue, the company saw a significant increase in profits in 2023. Management is focused on reducing debt and improving profitability, making the stock an attractive investment.
Energizer (ENR) reported earnings 30 days ago. What's next for the stock?
Energizer Holdings (NYSE:ENR)'s valuation appears “fully charged” with the risk/reward now balanced, analysts at UBS said as they downgraded the stock to ‘Neutral' from ‘Buy'. In a client note, the analysts also lowered their estimate for the battery manufacturer's 2024 earnings to $3.13 per share, down from $3.25, and towards the lower end of the company's own guidance range and 2% below analysts' consensus.
Energizer's (ENR) fourth-quarter fiscal 2023 results reflect a 2.6% increase in net sales, driven by solid performance from its Batteries & Lights and Auto Care segments.
Energizer Holdings (NYSE:ENR) Inc stock jumped more than 8% after the company returned to a profit for its financial fourth quarter from a loss a year ago, although it gave guidance below expectations. The battery maker swung to a profit of $19.7 million, or 27 cents a share, in the quarter to September 30, from a loss of $362.9 million, or $5.09 a share, the year prior.