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90.45
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-1.34
Why is Enersys (ENS) Stock down?
We've noticed a 7.26% decline in Enersys (ENS) stock during the 2024-02-08 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
10 Aug, 2023:
Enersys (ENS) fell by 11.51% due to Q2 results missing estimates. Q1 fiscal 2024 adjusted earnings were $1.89 per share, surpassing the expected $1.80, driven by reduced costs. Revenues were $908.6 million, below the anticipated $953 million. The top line grew 1.1% YoY with a 9% price/mix increase, while organic sales decreased by 8%. In the Energy Systems segment, revenues reached $424.6 million, up 3.9% YoY, but were slightly below expectations due to higher pricing and lower volumes in Europe and Asia.
https://finance.yahoo.com/news/enersys-ens-beats-q1-earnings-152000703.html
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