Energizer misses by $0.04, misses on revs; guides FY19 EPS below consensus, revs above consensus; guides FY20 EPS in-line, revs in-line (47.50)
- Reports Q2 (Mar) earnings of $0.20 per share, $0.04 worse than the S&P Capital IQ Consensus of $0.24; revenues rose 48.6% year/year to $556.4 mln vs the $565.61 mln S&P Capital IQ Consensus.
- Gross margin decreased to 34.9% from 45.0% one yr ago.
- Co issues mixed guidance for FY19, sees EPS of $2.90 to $3.00 vs. $3.02 S&P Capital IQ Consensus; sees FY19 revs of $2.52 bln to $2.57 bln vs. $2.51 bln S&P Capital IQ Consensus.
- Gross margin expected between 41.7% and 42.3%
- Co issues in-line guidance for FY20, sees EPS of $3.25 to $3.45 vs. $3.45 S&P Capital IQ Consensus; sees FY20 revs of $2.79 bln to $2.85 bln vs. $2.8 bln S&P Capital IQ Consensus.
- Gross margin expected between 42% and 43%