Stock Story -
Battery and lighting company Energizer (NYSE:ENR) will be announcing earnings results tomorrow before market open. Here's what to look for.
Energizer met analysts' revenue expectations last quarter, reporting revenues of $663.3 million, down 3% year on year. It was a weaker quarter for the company, with a miss of analysts' organic revenue growth estimates.
Is Energizer a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting Energizer's revenue to be flat year on year at $704.8 million, improving from the 3.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.68 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Energizer has missed Wall Street's revenue estimates five times over the last two years.
Looking at Energizer's peers in the household products segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Colgate-Palmolive (NYSE:CL) delivered year-on-year revenue growth of 4.9%, beating analysts' expectations by 1.1%, and WD-40 reported revenues up 9.4%, topping estimates by 6.3%. Colgate-Palmolive traded up 4.5% following the results while WD-40 was also up 4%.
Read the full analysis of Colgate-Palmolive's and WD-40's results on StockStory.
There has been positive sentiment among investors in the household products segment, with share prices up 4% on average over the last month. Energizer is up 4.4% during the same time and is heading into earnings with an average analyst price target of $32.9 (compared to the current share price of $30.67).
![Earnings To Watch: Energizer (ENR) Reports Q2 Results Tomorrow](https://d68-invdn-com.investing.com/content/pic88b5eb2c0af280b1e2ac47c9b417fd6c.jpeg)