NEWARK, N.Y., Oct. 27, 2026 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ: ULBI) today announced that it has entered into an Agreement and Plan of Merger (“merger agreement”) with EnerSys (NYSE: ENS) under which upon closing EnerSys will acquire Ultralife Corporation in an all-cash transaction valued at approximately $320 million, including the assumption of net debt.
Under the terms of the merger agreement, which has been unanimously approved by the Boards of Directors of both companies, Ultralife Corporation shareholders will receive $16.00 in cash for each share of Ultralife Corporation common stock they own. The purchase price represents a premium of 166% to Ultralife Corporation’s closing stock price on October 26, 2026.
Strategic Benefits of the Transaction:
Ultralife is highly complementary to EnerSys and a combination creates a compelling platform for continued innovation, customer support and growth. Together, we believe EnerSys and Ultralife would be well positioned to:
Establish a unique portfolio of integrated, mission-critical power solutions by combining complementary products, engineering capabilities and application-specific design expertise;
Increase scale and broaden exposure to the large and rapidly growing defense market with capabilities across mission-critical applications in munitions, soldier power, drones, counter drones, and autonomous systems accelerating focused growth;
Expand EnerSys’ advanced defense power technology portfolio with the addition of Ultralife’s differentiated multi-chemistry capabilities, purpose-built advanced manufacturing capacity with existing security and environmental permits, and operational expertise to scale production of EnerSys’ proprietary liquid reserve battery technology; and
Deepen customer relationships by creating a broader, Foreign Entity of Concern (FEOC)-compliant product portfolio for U.S. Department of War and allied country customers. Management Commentary:
"Combining with EnerSys is an exciting next step that will allow us to unlock value and growth opportunities for both companies, while delivering substantial and certain cash value to Ultralife shareholders,” said Michael E. Manna, President and Chief Executive Officer of Ultralife Corporation. “This transaction is a testament to the hard work and dedication of our entire organization, and now offers even greater opportunities for our valued employees. We look forward to partnering with the EnerSys team with the combined scale, resources, and shared vision to accelerate innovation and better serve our global customer base."
“This acquisition is a compelling strategic fit for EnerSys and directly advances our strategy to build a broader, more differentiated defense power platform,” said Shawn O'Connell, President and Chief Executive Officer of EnerSys. “Building on the success of our recent acquisitions, Ultralife expands our portfolio of advanced, reliable, high-performance power solutions. Together, we will be better positioned to support the U.S. Department of War (DoW) and allied forces with leading-edge, cost-effective technologies for the increasingly electrified battlefield of the future. We know the Ultralife business and its team well, and are confident that our shared commitment to engineering, problem solving, and customer focus will create a strong cultural fit. We look forward to combining our strengths to accelerate growth, enhance performance, and deliver greater value to our customers and shareholders.”
Transaction Details and Timing:
EnerSys intends to finance the transaction through cash on hand and, accordingly, is not subject to a financing contingency. The transaction has been unanimously approved by the Boards of Directors of both companies. Under the terms of the merger agreement, EnerSys, through a subsidiary, will commence a tender offer to acquire all of the outstanding shares of Ultralife common stock at a price of $16.00 per share in cash at closing, representing a total enterprise value of approximately $320 million. The transaction is subject to customary closing conditions, including the tender of at least a majority of the outstanding shares of Ultralife’s common stock and receipt of applicable regulatory approvals, and is expected to close in the first quarter of calendar year 2027. Upon completion of the transaction, Ultralife Corporation’s common stock will no longer be listed on any public market.
About Ultralife Corporation
Ultralife is a global leader in mission-critical battery, power, communications and compute solutions for the most demanding applications in government/defense, medical, oil & gas and industrial markets across the globe.
Headquartered in Newark, New York, the Company's business segments include Battery & Energy Products and Communications Systems. Ultralife has operations in North America, Europe and Asia. For more information, visit www.ultralifecorporation.com.
About EnerSys
EnerSys is a global leader in stored energy solutions helping industrial, infrastructure and defense customers address critical power and operational needs with batteries, chargers and other power equipment. The company delivers integrated solutions that combine energy storage technologies, power electronics, software-enabled intelligence, technical expertise and comprehensive global customer support. EnerSys supports customers across communications networks, data centers, energy infrastructure, material handling, transportation, aerospace and defense — including applications where power continuity is essential. Serving customers in more than 100 countries, EnerSys helps organizations manage energy more reliably, efficiently and intelligently in complex operating environments where uptime, safety and resilience matter. For more information, visit www.enersys.com.
Additional Information and Where to Find It
The Offer has not yet commenced. This communication is for informational purposes only and is neither a recommendation, nor an offer to purchase nor a solicitation of an offer to sell securities of Ultralife or any other entity, nor is it a substitute for any tender offer materials that Parent, Merger Sub or Ultralife will file with the SEC. A solicitation and an offer to buy securities of Ultralife will be made only pursuant to an offer to purchase and related materials that Parent and Merger Sub intend to file with the SEC.
At the time the Offer is commenced, Parent and Merger Sub intend to file a Tender Offer Statement on Schedule TO with the SEC, and Ultralife will thereafter file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the Offer. THE STOCKHOLDERS AND OTHER INVESTORS OF ULTRALIFE ARE URGED TO READ THE TENDER OFFER MATERIALS (INCLUDING THE OFFER TO PURCHASE, THE RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION THAT SHOULD BE READ CAREFULLY BEFORE ANY DECISION IS MADE WITH RESPECT TO THE OFFER.
The Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement on Schedule 14D-9, will be sent to all stockholders of Ultralife at no expense to them. The Schedule TO, the Schedule 14D-9 and other related documents will also be made available for free at the SEC’s website at www.sec.gov. Additional copies may be obtained for free by contacting either EnerSys or Ultralife, or by contacting D.F. King & Co., Inc., the information agent for the Offer, toll-free at (866) 388-7535. Copies of the documents filed with the SEC by Ultralife will be available free of charge on Ultralife’s website at investor.ultralifecorporation.com. Copies of the documents filed with the SEC by EnerSys will be available free of charge on EnerSys’s website at www.enersys.com or by contacting EnerSys at (610) 208-1991.
In addition to the Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement on Schedule 14D-9, EnerSys and Ultralife each file annual, quarterly and current reports, proxy statements and other information with the SEC, which are available to the public over the internet at the SEC’s website at http://www.sec.gov.
Forward-Looking Statements
This press release contains “forward-looking statements.” These statements relate to future events and involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of EnerSys and Ultralife to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. In some cases, forward-looking statements may be identified by terms such as “may,” “will,” “could,” “expects,” “plans,” “anticipates,” “believes” and similar expressions intended to identify forward-looking statements. These statements reflect Ultralife’s current views with respect to future events and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, investors should not place undue reliance on these forward-looking statements. Forward-looking statements include, without limitation, statements regarding the Offer, the Merger and the other transactions contemplated by the Merger Agreement, the timing of the Offer and related transactions, the possibility that the transaction does not close, uncertainties as to how many of Ultralife’s stockholders will tender their stock in the offer; the possibility that competing offers will be made; the possibility that various closing conditions for the transaction may not be satisfied or waived, including any governmental or regulatory approvals, the anticipated benefits of the transaction, the integration of Ultralife into EnerSys, prospective performance and opportunities, post-closing operations and the outlook for the businesses of EnerSys and Ultralife, and any assumptions underlying any of the foregoing.
The following are some of the factors that could cause actual future results to differ materially from those expressed in any forward-looking statements: (i) uncertainties as to the timing of the Offer and the Merger; (ii) the risk that the Offer or the Merger may not be completed in a timely manner or at all; (iii) uncertainties as to the percentage of Ultralife’s stockholders tendering their Shares in the Offer; (iv) the possibility that competing offers or acquisition proposals for Ultralife will be made; (v) the possibility that any or all of the conditions to consummation of the Offer or the Merger may not be satisfied or waived, including failure to receive required regulatory approvals or clearances or the imposition of conditions, limitations or restrictions on those approvals; (vi) the occurrence of any event, change or other circumstance that could give rise to termination of the Merger Agreement, including circumstances requiring Ultralife to pay the Company Termination Fee or Parent to pay the Reverse Termination Fee; (vii) the effect of the announcement or pendency of the transactions on the ability of EnerSys or Ultralife to retain and hire key personnel, maintain relationships with customers, suppliers and other business partners, or conduct their businesses; (viii) risks related to diverting management’s attention from ongoing business operations; (ix) the risk that stockholder litigation relating to the transactions may result in significant costs of defense, indemnification and liability; and (x) other factors set forth from time to time in each of EnerSys’s and Ultralife’s filings with the SEC, including its Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Any forward-looking statements set forth in this press release speak only as of the date of this press release. Ultralife does not intend to update any of these forward-looking statements to reflect events or circumstances that occur after the date hereof, other than as required by law. Investors are cautioned not to place undue reliance on these forward-looking statements.
READING, Pa.--(BUSINESS WIRE)-- #EnerSys--EnerSys (NYSE: ENS), a global leader in stored energy solutions for industrial, infrastructure, and defense applications, today announced that it has entered into a definitive agreement to acquire Ultralife (NASDAQ:ULBI) for $16.00 per share in cash, representing a 166% premium to Ultralife's unaffected closing share price on October 26, 2026. The transaction represents an enterprise value of approximately $320 million. EnerSys expects to realize $15 million to $2.
READING, Pa.--(BUSINESS WIRE)-- #EnerSys--EnerSys (NYSE: ENS), a global leader in stored energy solutions for industrial, infrastructure, and defense applications, announced today that the Company will release its second quarter fiscal 2027 financial results for the period ended October 4, 2026, after the market close on Wednesday, November 11, 2026. The press release and slide presentation will be available in the Investor Relations section of the Company's website at investor.enersys.com. The Company wi.
Tigo Energy (NASDAQ:TYGO – Get Free Report) and Enersys (NYSE:ENS – Get Free Report) are both industrials companies, but which is the superior investment? We will compare the two businesses based on the strength of their profitability, dividends, valuation, earnings, analyst recommendations, risk and institutional ownership.
Profitability This table compares Tigo Energy and Enersys’ net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Tigo Energy 8.97% -1.74% -0.64% Enersys 9.29% 24.02% 11.42% Volatility & Risk Tigo Energy has a beta of 1.28, suggesting that its share price is 28% more volatile than the S&P 500. Comparatively, Enersys has a beta of 1.18, suggesting that its share price is 18% more volatile than the S&P 500.
Institutional & Insider Ownership 15.7% of Tigo Energy shares are owned by institutional investors. Comparatively, 94.9% of Enersys shares are owned by institutional investors. 26.6% of Tigo Energy shares are owned by insiders. Comparatively, 1.1% of Enersys shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth. Valuation & Earnings This table compares Tigo Energy and Enersys”s gross revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Tigo Energy $103.54 million 0.60 -$1.88 million $0.14 5.89 Enersys $3.75 billion 1.62 $293.56 million $9.34 18.03 Enersys has higher revenue and earnings than Tigo Energy. Tigo Energy is trading at a lower price-to-earnings ratio than Enersys, indicating that it is currently the more affordable of the two stocks.
Analyst Recommendations This is a breakdown of current ratings and recommmendations for Tigo Energy and Enersys, as provided by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Tigo Energy 1 1 1 0 2.00 Enersys 0 1 5 0 2.83 Tigo Energy presently has a consensus target price of $3.73, indicating a potential upside of 352.74%. Enersys has a consensus target price of $265.00, indicating a potential upside of 57.36%. Given Tigo Energy’s higher possible upside, analysts plainly believe Tigo Energy is more favorable than Enersys.
Summary Enersys beats Tigo Energy on 11 of the 14 factors compared between the two stocks.
About Tigo Energy (Get Free Report)
Tigo Energy, Inc. provides solar and energy storage solutions for the solar industry. It offers module level power electronics (MLPEs) to maximize the energy output of individual solar modules. The company also provides GO Energy Storage Systems that provide solar energy storage management capabilities; and Energy Intelligence (EI) platform, which provides monitoring and energy demand forecasting capabilities. In addition, it offers GO Battery that provides energy resilience in the event of a grid outage and optimizes energy consumption based on rate plans for home energy needs; GO Inverter, which offers energy conversion for home consumption or export to the grid; GO Link/Automatic Transfer Switch (ATS), a component for battery backup of on-grid systems; and GO Electric Vehicle (EV) Charger to reduce transportation costs. The company serves residential, commercial, and utility sectors through distributors and solar installers in North and South America, Europe, the Middle East, Africa, and the Asia-Pacific regions. Tigo Energy, Inc. was founded in 2007 and is headquartered in Campbell, California.
About Enersys (Get Free Report)
EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries. The Motive Power segment provides power solutions for electric industrial forklifts used in manufacturing, warehousing, and other material handling applications, as well as automated guided vehicles, mining equipment, and diesel locomotive starting and other rail equipment. The Specialty offers batteries for starting, lighting, and ignition applications in automotive and over-the-road trucks; and energy solutions for satellites, spacecraft, commercial aircraft, military land vehicles, aircraft, submarines, ships, and other tactical vehicles, as well as medical devices and equipment. The New Venture segment provides energy storage and management systems for demand charge reduction, utility back-up power, and dynamic fast charging for electric vehicles. The company also offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It sells its products through a network of distributors, independent representatives, and internal sales forces. The company was formerly known as Yuasa, Inc. and changed its name to EnerSys in January 2001. EnerSys was founded in 1991 and is headquartered in Reading, Pennsylvania.
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READING, Pa.--(BUSINESS WIRE)-- #EnerSys--EnerSys (NYSE: ENS), a global leader in stored energy solutions for industrial, infrastructure, and defense applications, today announced the appointment of Navi Grewal as Chief Digital, AI and Information Officer, effective October 16, 2026. Ms. Grewal will report to Shawn O'Connell, President and Chief Executive Officer, and will serve as a member of the EnerSys Executive Leadership Team. In this role, Ms. Grewal will lead EnerSys' global digital, artificial int.
Key Takeaways Dividend growth stocks offer steady income and long-term compounding amid market uncertainty.Suncor Energy projects 29.7% revenue growth in 2026 and offers a 2.40% annual dividend yield.Taiwan Semiconductor projects 37.2% revenue growth in 2026, with a 27.30% long-term earnings growth rate.
All three major U.S. stock indices ended the previous week in the green zone as equities made a rebound from a tech-led sell-off observed earlier in the week. Meanwhile, assurances from U.S. President Donald Trump that America would not attack Iran before the midterm elections might have helped ease some immediate supply panic and kept the stock market buoyant.
However, as third-quarter earnings season kicks off this week, particularly for banks, uncertainties remain in the form of soon-to-be released inflation data, which could shed light on the Federal Reserve's next policy decision.
Against this backdrop, stock market participants might remain worried about investing in high-multiple, pure-growth stocks.
Instead, dividend growth stocks offer an appealing sweet spot: combining steady income generation, lower equity volatility and long-term compounding power amid macro uncertainty.
These companies boast a proven track record of increasing payouts, underscoring the balance-sheet strength and cash-flow resilience required to navigate a market environment where traditional growth narratives are being reassessed.
Stocks with a strong history of year-over-year dividend growth can help build a resilient portfolio with greater potential for capital appreciation compared to simple dividend-paying or high-yield stocks.
We have selected five dividend growth stocks, Enersys Inc. (ENS - Free Report) , Micron Technology (MU - Free Report) , Cheesecake Factory (CAKE - Free Report) , Suncor Energy (SU - Free Report) , and Taiwan Semiconductor (TSM - Free Report) , which could be solid choices for your portfolio.
Why Is Dividend Growth Better?Stocks with a strong history of dividend growth are typically associated with mature companies that are less prone to sharp market swings, allowing them to serve as a hedge against economic or political uncertainty as well as broader market volatility. Their steadily rising payouts provide some measure of downside protection.
These companies are generally backed by solid fundamentals, making them attractive long-term dividend-growth investments. Key strengths include durable business models, consistent profitability, expanding cash flows, healthy liquidity, strong balance sheets and attractive valuations.
A consistent history of dividend growth underscores the potential for continued growth ahead.
Although these stocks do not necessarily have the highest yields, they have outperformed the broader stock market and other dividend-paying stocks over an extended period.
As a result, selecting dividend-growth stocks appears to be a winning strategy when other key parameters are taken into account.
5-Year Historical Dividend Growth Greater Than Zero: This selects stocks with a solid dividend growth history.
5-Year Historical Sales Growth Greater Than Zero: This represents stocks with a strong record of growing revenues.
5-Year Historical EPS Growth Greater Than Zero: This represents stocks with a solid earnings growth history.
Next 3-5 Year EPS Growth Rate Greater Than Zero: This represents the rate at which a company's earnings are expected to grow. Improving earnings should help companies sustain dividend payments.
Price/Cash Flow Less Than M-Industry: A ratio lower than the industry median indicates that a stock is undervalued within its industry, meaning an investor would pay less for the company’s cash flow.
52-Week Price Change Greater Than S&P 500 (Market Weight): This ensures that a stock has appreciated more than the S&P 500 over the past year.
Top Zacks Rank: Stocks having a Zacks Rank #1 (Strong Buy) or 2 (Buy) generally outperform their peers in all types of market environments.
Growth Score of B or Better: Our research shows that stocks with a Growth Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best upside potential.
These few criteria alone narrowed the universe from more than 7,700 stocks to just 10.
Here are five of the 10 stocks that fit the bill:
Pennsylvania-based EnerSys manufactures, markets and distributes industrial batteries and related stored-energy products. It also develops battery chargers and accessories, power electronics, power equipment and outdoor cabinet enclosures. The Zacks Consensus Estimate for ENS' fiscal 2027 revenues suggests a year-over-year improvement of 3.7%. The stock boasts a long-term (three-to-five years) earnings growth rate of 15% and has an annual dividend yield of 0.64%.
ENS currently carries a Zacks Rank #2 and has a Growth Score of A.
Idaho-based Micron Technology manufactures and markets high-performance memory and storage technologies, including Dynamic Random Access Memory, NAND flash memory, NOR Flash and other technologies. The Zacks Consensus Estimate for MU’s fiscal 2028 revenues suggests a year-over-year improvement of 105.1%. The stock boasts a long-term earnings growth rate of 32.60% and has an annual dividend yield of 0.06%.
MU currently sports a Zacks Rank #1 and has a Growth Score of A.
Headquartered in California, Cheesecake Factory is a restaurant and bakery company that owns and operates hundreds of upscale, full-service dining locations. The Zacks Consensus Estimate for CAKE's 2026 revenues suggests a year-over-year improvement of 7.2%. The stock boasts a long-term earnings growth rate of 13.40% and an annual dividend yield of 1.11%.
CAKE currently carries a Zacks Rank #2 and a Growth Score of A. You can see the complete list of today’s Zacks #1 Rank stocks here.
Canada-based Suncor Energy is an integrated energy company that extracts, refines, and sells petroleum products, crude oil and lower-carbon power. The Zacks Consensus Estimate for SU’s 2026 revenues suggests a year-over-year improvement of 29.7%. The stock boasts a long-term earnings growth rate of 18.80% and an annual dividend yield of 2.40%.
SU currently sports a Zacks Rank #1 and a Growth Score of B.
Headquartered in Taiwan, Taiwan Semiconductor is the world's largest dedicated integrated circuit foundry. The Zacks Consensus Estimate for TSM’s 2026 revenues suggests a year-over-year improvement of 37.2%. The stock boasts a long-term earnings growth rate of 27.30% and an annual dividend yield of 0.76%.
TSM currently carries a Zacks Rank #2 and a Growth Score of B.
LSI Industries (NASDAQ:LYTS – Get Free Report) and Enersys (NYSE:ENS – Get Free Report) are both industrials companies, but which is the superior stock? We will contrast the two companies based on the strength of their dividends, analyst recommendations, institutional ownership, valuation, earnings, profitability and risk.
Dividends LSI Industries pays an annual dividend of $0.20 per share and has a dividend yield of 1.0%. Enersys pays an annual dividend of $1.15 per share and has a dividend yield of 0.6%. LSI Industries pays out 29.9% of its earnings in the form of a dividend. Enersys pays out 12.3% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Enersys has raised its dividend for 2 consecutive years.
Profitability This table compares LSI Industries and Enersys’ net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets LSI Industries 3.28% 7.51% 3.71% Enersys 9.29% 24.02% 11.42% Volatility & Risk LSI Industries has a beta of 0.48, suggesting that its stock price is 52% less volatile than the S&P 500. Comparatively, Enersys has a beta of 1.18, suggesting that its stock price is 18% more volatile than the S&P 500. Analyst Recommendations This is a summary of recent ratings and recommmendations for LSI Industries and Enersys, as provided by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score LSI Industries 0 2 3 0 2.60 Enersys 0 0 5 1 3.17 LSI Industries currently has a consensus price target of $29.00, indicating a potential upside of 40.44%. Enersys has a consensus price target of $265.00, indicating a potential upside of 47.62%. Given Enersys’ stronger consensus rating and higher possible upside, analysts plainly believe Enersys is more favorable than LSI Industries.
Institutional & Insider Ownership 73.9% of LSI Industries shares are held by institutional investors. Comparatively, 94.9% of Enersys shares are held by institutional investors. 7.3% of LSI Industries shares are held by insiders. Comparatively, 1.1% of Enersys shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.
Earnings and Valuation This table compares LSI Industries and Enersys”s revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio LSI Industries $689.40 million 1.12 $22.58 million $0.67 30.82 Enersys $3.75 billion 1.73 $293.56 million $9.34 19.22 Enersys has higher revenue and earnings than LSI Industries. Enersys is trading at a lower price-to-earnings ratio than LSI Industries, indicating that it is currently the more affordable of the two stocks.
Summary Enersys beats LSI Industries on 15 of the 18 factors compared between the two stocks.
About LSI Industries (Get Free Report)
LSI Industries Inc. produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets. This segment also offers lighting control products, including sensors, photocontrols, dimmers, motion detection, and Bluetooth systems to support lighting fixtures; and designs, engineers, and manufactures electronic circuit boards, assemblies, and sub-assemblies. The Display Solutions segment manufactures, sells, and installs exterior and interior visual image and display elements, including printed and structural graphics, digital signage, menu board systems, display fixtures, refrigerated displays, and custom display elements. This segments products and services include signage and canopy graphics, pump dispenser graphics, building fascia graphics, decals, interior signage and marketing graphics, aisle markers, wall mural graphics, and refrigerated and non-refrigerated merchandising displays. This segment also provides project management services comprising installation management, site surveys, permitting, and content management; and manages and executes the implementation of large rollout programs. It serves refueling and convenience store, parking lot and garage, quick-service restaurant, retail and grocery store, automotive, warehouse, sports court, and field markets, as well as warehouses. LSI Industries Inc. was founded in 1976 and is headquartered in Cincinnati, Ohio.
About Enersys (Get Free Report)
EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries. The Motive Power segment provides power solutions for electric industrial forklifts used in manufacturing, warehousing, and other material handling applications, as well as automated guided vehicles, mining equipment, and diesel locomotive starting and other rail equipment. The Specialty offers batteries for starting, lighting, and ignition applications in automotive and over-the-road trucks; and energy solutions for satellites, spacecraft, commercial aircraft, military land vehicles, aircraft, submarines, ships, and other tactical vehicles, as well as medical devices and equipment. The New Venture segment provides energy storage and management systems for demand charge reduction, utility back-up power, and dynamic fast charging for electric vehicles. The company also offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It sells its products through a network of distributors, independent representatives, and internal sales forces. The company was formerly known as Yuasa, Inc. and changed its name to EnerSys in January 2001. EnerSys was founded in 1991 and is headquartered in Reading, Pennsylvania.
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +23.86% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: EnerSys (ENS - Free Report) Headquartered in Pennsylvania, EnerSys manufactures, markets and distributes industrial batteries and related stored-energy products. The company also develops battery chargers and accessories, power electronics, power equipment and outdoor cabinet enclosures. It provides maintenance, technical and other support services for customers.
ENS is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Industrial Products stock. ENS has a Momentum Style Score of B, and shares are up 1.9% over the past four weeks.
For fiscal 2027, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $1.31 to $13.41 per share. ENS boasts an average earnings surprise of +11.5%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, ENS should be on investors' short list.
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.86% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: EnerSys (ENS - Free Report) Headquartered in Pennsylvania, EnerSys manufactures, markets and distributes industrial batteries and related stored-energy products. The company also develops battery chargers and accessories, power electronics, power equipment and outdoor cabinet enclosures. It provides maintenance, technical and other support services for customers.
ENS is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 14.4; value investors should take notice.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2027. The Zacks Consensus Estimate has increased $1.31 to $13.41 per share. ENS boasts an average earnings surprise of +11.5%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, ENS should be on investors' short list.
Key Takeaways U.S. manufacturing expanded for a ninth straight month as new orders and backlogs strengthened.Low customer inventories and sustained production growth support the outlook for industrial activity.Park-Ohio, MSC Industrial, Grainger, Lincoln Electric and EnerSys have rising earnings estimates. U.S. manufacturing activity remained in expansion territory for the ninth consecutive month in September, with new orders, production and backlogs pointing to continued momentum. Meanwhile, the Customers’ Inventories Index stayed below 50%, indicating that customer inventories remain too low. This trend could support future production as replenishment demand improves.
The backdrop remains favorable for the Zacks Industrial Products sector. According to the latest Earnings Trends report, estimates for the sector have been moving higher for the third quarter of 2026. The sector is projected to deliver earnings growth of 13.1% for the quarter and 11.6% for 2026, making it one of the seven sectors expected to register double-digit earnings growth this year. It would be ideal to invest in industrial stocks like Park-Ohio Holdings Corp. (PKOH - Free Report) , MSC Industrial Direct Co., Inc. (MSM - Free Report) , W.W. Grainger Inc. (GWW - Free Report) , Lincoln Electric Holdings Inc. (LECO - Free Report) and EnerSys (ENS - Free Report) .
U.S. Manufacturing Momentum Holds FirmThe ISM Manufacturing PMI came in at 54.5% in September compared with 54.6% in August. Despite the modest decline, September marked the ninth consecutive month of manufacturing expansion following a 10-month contraction period. Five of the six largest manufacturing industries expanded, including transportation equipment, chemical products, computer and electronic products, machinery, and food, beverage and tobacco products.
The New Orders Index rose to 55.3% in September from 53.7% in August, remaining in expansion territory for the ninth straight month. The Production Index declined to 56.7% from 58.3% but continued to signal expansion for the 11th consecutive month. The Backlog of Orders Index climbed 4.6 percentage points to 56.4%.
The Employment Index gained 1.5 percentage points to 52.7%. The Inventories Index fell to 48.6% from 50.6% in August. The Customers’ Inventories Index declined to 41.6% from 42.8% and remained in “too low” territory. Lean customer inventories are generally supportive of future production, as improving demand could prompt manufacturers to rebuild stock levels.
However, cost pressures remain a challenge. The Prices Index remained elevated at 77.9%, indicating higher raw-material prices for the 24th consecutive month. Steel, aluminum, copper, electrical components and electronic components were among the materials experiencing price increases or supply constraints. Tariffs and increases in petroleum-based products as a result of the Middle East conflict are adding to cost pressures. In response, industry participants are focusing on pricing actions, cost optimization, productivity gains and diversification of supplier networks to offset these pressures.
Industry Outlook Remains Positive Amid Cost ChallengesThe manufacturing recovery remains encouraging, supported by lean customer inventories, expanding new orders and sustained production growth. These trends provide a favorable foundation for industrial activity in the coming months. Nevertheless, elevated input costs, tariffs, supply-chain constraints and geopolitical uncertainty could moderate the pace of recovery.
ISM's 2026 forecast calls for 8.4% growth in manufacturing revenues, 4.9% growth in capital expenditures and a 9.7% increase in production capacity, supporting the case for industrial stocks positioned to benefit from renewed manufacturing investment. Manufacturing employment is also expected to increase 1.4% in 2026.
5 Industrial Products Stocks to BuyWith the help of our Zacks Stock Screener, we have identified five attractive stocks. The shortlisted companies sport a Zacks Rank #1 (Strong Buy) or carry Rank #2 (Buy) with a VGM Score of A or B. The Zacks Consensus Estimate for 2026 and 2027 earnings has moved higher over the past 60 days and indicates positive growth. You can see the complete list of today’s Zacks #1 Rank stocks here.
These stocks have also outperformed the sector over the past six months, as shown in the chart below.
Image Source: Zacks Investment Research
Park-Ohio Holdings: The company delivered record revenues in the first half of 2026 backed by strong year-over-year sales growth in all three business segments. The company raised its outlook for 2026, reflecting revenue growth and continued margin expansion. This is supported by continued strong AI-related demand, higher aerospace and defense production, and improving activity in key industrial markets in Supply Technologies; strong backlog in Engineered Products resulting from increasing demand from electrical steel, aerospace and defense and oil and gas markets.
Park-Ohio Holdings continues to invest in automation, information systems and vertical integration, while optimizing its business portfolio. The ongoing strategic review of the Southwest Steel Processing business reflects management's focus on reallocating capital toward higher-growth, higher-margin operations. These initiatives are expected to improve operating efficiency, strengthen cash flow generation and support long-term earnings growth.
The Zacks Consensus Estimate for Park-Ohio Holdings’ fiscal 2026 earnings suggests year-over-year growth of 20.7% and the estimate for fiscal 2027 projects growth of 12.8%. Both the estimates have moved up in the past 60 days. The company has a trailing four-quarter earnings surprise of 1.33%, on average. PKOH has an estimated long-term growth of 12% and currently sports a Zacks Rank of 1 with a VGM Score of A.
MSC Industrial: The company delivered the third consecutive quarter of year-over-year operating margin expansion in the fiscal third quarter of 2026 (ended May 31, 2026), supported by structural cost reductions. Management is advancing its “Mission Critical” strategy, focused on profitable growth, market share gains and productivity. The current phase emphasizes strengthening core customer and OEM fastener relationships, improving supply-chain efficiency, enhancing digital capabilities and reducing operating expenses.
Recent initiatives include web price realignment, expanded marketing, E-commerce enhancements and a data-driven sales optimization program. In fiscal 2026, the company is further leveraging analytics and organizational alignment to deliver a more personalized customer experience and improve end-to-end efficiency. The company plans to selectively pursue strategic acquisitions that expand its markets and enhance its product and service offerings.
The Zacks Consensus Estimate for MSM’s fiscal 2026 earnings suggests year-over-year growth of 20.5% and the estimate for 2027 projects year-over-year growth of 15.1%. Both the estimates have moved up in the past 90 days. The company has a trailing four-quarter earnings surprise of 4.8%, on average. It currently carries a Zacks Rank of 2 and a VGM Score of B.
Grainger: The company continues to benefit from strong volume growth in its High-Touch Solutions segment and expanding customer activity within the Endless Assortment segment. High-Touch Solutions is seeing gains from a more favorable product mix, while repeat customer growth at MonotaRO and Zoro is supporting performance in Endless Assortment. Higher sales volumes and pricing initiatives are expected to contribute to revenue growth in the coming quarters.
Grainger continues to invest in e-commerce, digital capabilities and supply-chain execution to improve the end-to-end customer experience. In August 2026, it acquired technology, intellectual property and talent assets from Adroit Worldwide Media for $210 million. The technology is intended to improve MRO inventory management, product availability and labor efficiency, with a commercial pilot planned over the next several months.
The Zacks Consensus Estimate for fiscal 2026 earnings for Grainger indicates year-over-year growth of 12.2%. The estimate for fiscal 2027 suggests growth of 17.2%. Both the estimates have been revised upward over the past 90 days. GWW currently has a trailing four-quarter earnings surprise of 5.9%, on average. It has an estimated long-term earnings growth rate of 12.2%, a Zacks Rank of 2 and a VGM Score of B.
Lincoln Electric Holdings: The company is targeting high single-digit to low double-digit percentage sales growth over 2026-2030. Organic sales are expected to increase at a mid-single-digit percentage rate. The Americas Welding segment is expected to lead with a mid- to high single-digit percentage organic growth rate, backed by regional secular and cyclical tailwinds. Automation sales are expected to increase at twice the rate of core sales in the region. The International Welding segment is expected to grow at a low-single-digit to mid-single-digit rate, mainly driven by the Middle East and Asia Pacific, which have high levels of project activity.
Lincoln Electric projects a mid-single-digit percentage growth rate in Harris Products Group from ongoing HVAC sector growth, a strategic expansion of fabricated solutions for targeted industrial applications and expectations for an improvement in residential and retail channel trends. LECO is also targeting more than 20% operating margin by 2030. RISE initiatives are expected to add 100-125 basis points to the company’s margin profile through 2030. Lincoln Electric continues to use acquisitions to expand its capabilities and geographic reach, with recent transactions strengthening its automation and maintenance-solutions portfolio.
The Zacks Consensus Estimate for Lincoln Electric’s earnings for both fiscal 2026 and fiscal 2027 has moved up over the past 60 days. The estimate for 2026 suggests year-over-year growth of 13.3% and the estimate for 2027 suggests growth of 11.2%. The company has a trailing four-quarter earnings surprise of 3.9%, on average. It has an estimated long-term earnings growth rate of 15% and currently carries a Zacks Rank of 2 and a VGM Score of B.
EnerSys: The company is poised to benefit from diversified demand across data centers, communications, and aerospace and defense, supported by product innovation, service expansion and a broader mix of lithium and energy-storage solutions. Cost discipline and working-capital improvements are strengthening earnings and cash generation, while lower leverage provides flexibility for growth investments and shareholder returns. EnerSys is broadening beyond traditional lead-acid batteries through lithium, battery energy storage, TPPL, power electronics and service offerings.
The company also secured a revised Department of Energy grant of about $150 million for a planned defense-focused lithium cell campus in Greenville, SC. The facility is expected to have about one gigawatt-hour (GWh) of initial capacity. Construction is planned to begin in the first half of fiscal 2028, with full production about three years later. Management targets a mid-20% internal rate of return and expects the campus to support U.S.-based defense supply chains compliant with foreign entity of concern (FEOC) requirements.
The Zacks Consensus Estimate for EnerSys’ fiscal 2026 earnings suggests year-over-year growth of 15% and the estimate for 2027 projects year-over-year growth of 27%. Both the estimates have moved up in the past 90 days. The company has a trailing four-quarter earnings surprise of 11.5% on average, and a long-term earnings growth of 15%. It currently carries a Zacks Rank of 2 and a VGM Score of B.
Investors interested in Manufacturing - Electronics stocks are likely familiar with EnerSys (ENS - Free Report) and ABB (ABBNY - Free Report) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.
We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.
EnerSys and ABB are sporting Zacks Ranks of #2 (Buy) and #3 (Hold), respectively, right now. This means that ENS's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. But this is just one factor that value investors are interested in.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.
ENS currently has a forward P/E ratio of 14.64, while ABBNY has a forward P/E of 25.82. We also note that ENS has a PEG ratio of 0.98. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. ABBNY currently has a PEG ratio of 1.32.
Another notable valuation metric for ENS is its P/B ratio of 3.63. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, ABBNY has a P/B of 11.01.
These metrics, and several others, help ENS earn a Value grade of B, while ABBNY has been given a Value grade of D.
ENS is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metrics, we feel that ENS is likely the superior value option right now.
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is EnerSys (ENS - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
EnerSys is one of 189 companies in the Industrial Products group. The Industrial Products group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. EnerSys is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ENS' full-year earnings has moved 10.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ENS has moved about 33.8% on a year-to-date basis. Meanwhile, the Industrial Products sector has returned an average of 14.6% on a year-to-date basis. This shows that EnerSys is outperforming its peers so far this year.
Kennametal (KMT - Free Report) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 14.8%.
Over the past three months, Kennametal's consensus EPS estimate for the current year has increased 29.6%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, EnerSys belongs to the Manufacturing - Electronics industry, a group that includes 14 individual companies and currently sits at #72 in the Zacks Industry Rank. On average, stocks in this group have gained 28.4% this year, meaning that ENS is performing better in terms of year-to-date returns.
Kennametal, however, belongs to the Manufacturing - Tools & Related Products industry. Currently, this 8-stock industry is ranked #86. The industry has moved +5.4% so far this year.
Investors interested in the Industrial Products sector may want to keep a close eye on EnerSys and Kennametal as they attempt to continue their solid performance.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Shares of Enersys (NYSE:ENS – Get Free Report) have been given an average recommendation of “Buy” by the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $265.00.
A number of research firms have weighed in on ENS. Wall Street Zen upgraded Enersys from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Zacks Research upgraded Enersys from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Weiss Ratings restated a “buy (b-)” rating on shares of Enersys in a research report on Tuesday, September 22nd. BTIG Research reaffirmed a “buy” rating and issued a $280.00 target price on shares of Enersys in a research note on Thursday, August 13th. Finally, Oppenheimer reissued an “outperform” rating on shares of Enersys in a research note on Friday, August 14th.
View Our Latest Stock Analysis on ENS
Enersys Stock Up 3.3% Shares of NYSE ENS opened at $195.90 on Friday. The company has a current ratio of 2.80, a quick ratio of 1.83 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average of $185.16 and a 200-day moving average of $199.99. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 0.94 and a beta of 1.18. Enersys has a 12 month low of $108.88 and a 12 month high of $244.30. Enersys (NYSE:ENS – Get Free Report) last announced its earnings results on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.83. The business had revenue of $935.64 million during the quarter, compared to analyst estimates of $928.01 million. Enersys had a net margin of 9.29% and a return on equity of 24.02%. Enersys’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.08 earnings per share. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. Sell-side analysts expect that Enersys will post 13.41 earnings per share for the current fiscal year.
Enersys Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 18th were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Friday, September 18th. This represents a $1.15 annualized dividend and a dividend yield of 0.6%. This is an increase from Enersys’s previous quarterly dividend of $0.2625. Enersys’s payout ratio is 12.31%.
Institutional Trading of Enersys Several hedge funds have recently added to or reduced their stakes in the business. State of Michigan Retirement System lifted its position in Enersys by 1.1% in the first quarter. State of Michigan Retirement System now owns 8,872 shares of the industrial products company’s stock valued at $1,541,000 after purchasing an additional 100 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Enersys by 9.1% in the second quarter. Integrated Wealth Concepts LLC now owns 1,319 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 110 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Enersys by 32.5% in the first quarter. Parallel Advisors LLC now owns 501 shares of the industrial products company’s stock worth $87,000 after purchasing an additional 123 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Enersys by 52.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 380 shares of the industrial products company’s stock worth $56,000 after buying an additional 130 shares during the period. Finally, Global Retirement Partners LLC bought a new stake in Enersys during the 2nd quarter valued at $34,000. 94.93% of the stock is owned by institutional investors.
Enersys Company Profile (Get Free Report)
EnerSys (NYSE: ENS) is a global provider of stored energy solutions and power-management systems. The company designs, manufactures and distributes industrial batteries, energy storage systems, chargers, power-conversion equipment and related services for applications that require reliable backup or motive power.
Its product portfolio includes lead-acid and lithium-ion batteries, battery chargers and monitoring systems, as well as specialty solutions for telecommunications, data centers, utilities, transportation, material handling, aerospace and defense.
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READING, Pa.--(BUSINESS WIRE)-- #EnerSys--EnerSys (NYSE: ENS), a global leader in stored energy solutions for industrial, infrastructure, and defense applications, today announced that its Alpha® XM Edge power system received an Honoree Score of 5.0 Diamonds, the highest rating available, in the Active Network Hardware category in Lightwave's 2026 Diamond Technology Reviews. “On behalf of Lightwave's 2026 Diamond Technology Reviews, I would like to congratulate EnerSys on their 5.0 Diamonds honoree status.
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.8% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: EnerSys (ENS - Free Report) Headquartered in Pennsylvania, EnerSys manufactures, markets and distributes industrial batteries and related stored-energy products. The company also develops battery chargers and accessories, power electronics, power equipment and outdoor cabinet enclosures. It provides maintenance, technical and other support services for customers.
ENS is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. ENS has a Growth Style Score of A, forecasting year-over-year earnings growth of 27% for the current fiscal year.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2027. The Zacks Consensus Estimate has increased $1.31 to $13.41 per share. ENS boasts an average earnings surprise of +11.5%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, ENS should be on investors' short list.
READING, Pa.--(BUSINESS WIRE)-- #EnerSys--EnerSys (NYSE: ENS), a global leader in stored energy solutions for industrial, infrastructure, and defense applications, today announced the new generation of high-efficiency Cordex® CXPS DC power system configurations, built around the new Cordex® HP 48V-5.0kW rectifier for cable broadband and communications network applications. Delivering up to 97.1% peak efficiency, 5.0kW maximum output and 15kW/RU power density, the new rectifier is intended for integration.
READING, Pa.--(BUSINESS WIRE)-- #EnerSys--EnerSys (NYSE: ENS), a global leader in stored energy solutions for industrial, infrastructure, and defense applications, today announced development progress on the Alpha® XM Edge power system, a new outside plant power platform for cable broadband networks. The Alpha® XM Edge power system uses a digital switch-mode architecture designed to improve power-conversion efficiency, simplify field service and provide greater visibility into power-system conditions. The.
The Zacks Manufacturing - Electronics industry is poised to gain from solid momentum in the manufacturing sector, stable demand across the electronic services end market and increasing adoption of advanced manufacturing technologies. A surge in e-commerce activities is also likely to support the industry’s growth.
However, supply-chain issues have been weighing on the performance of some industry players. Eaton Corporation plc (ETN - Free Report) , Emerson Electric Co. (EMR - Free Report) , A. O. Smith Corporation (AOS - Free Report) and EnerSys (ENS - Free Report) are a few industry participants that are expected to capitalize on the opportunities.
Industry Description The Zacks Manufacturing-Electronics industry comprises companies that manufacture electronic products like battery chargers, battery accessories, outdoor cabinet enclosures, power transmission products, electrical motion controls and motive power devices. Some industry players also provide water-treatment products, engineered flow components, process equipment and turnkey systems. These companies offer state-of-the-art customer support and after-market services to end users. The firms are increasing investments in developing innovative technologies, boosting customer and employee experience, and supply-chain modernization programs. The manufacturing electronics companies sell products and services in various end markets, including robotics, semiconductor, defense, aerospace, medical equipment and satellite communications.
4 Manufacturing Electronics Industry Trends in Focus Strength in the Manufacturing Sector: The industry has been benefiting from an increase in manufacturing activities. After witnessing a contraction in economic activities for 10 successive months till December 2025, the manufacturing sector expanded for the eighth consecutive month in August. Per the Institute for Supply Management’s (ISM) report, the Manufacturing Purchasing Manager’s Index touched 54.6% in August. A figure more than 50% indicates an expansion in manufacturing activity. Also, the New Orders Index expanded, registering 53.7% in the same month.
Robust Electronics Services Market: Demand across key end markets has been stable. Electronics manufacturers are steadily benefiting from the higher adoption of advanced manufacturing technologies and processes by original equipment manufacturers. The requirement for integrating advanced electronic components into machinery and electronic devices has been supporting the electronics manufacturing services market. In addition, a few industry players with wide exposure to the booming medical and life science markets are witnessing positive momentum across their businesses due to strong demand for their products and solutions. A surge in the e-commerce business has also been boosting several industry participants’ prospects.
Technological Advancement Benefits: With the gradual development of business models and cutting-edge technologies, several industry players have been banking on digitizing their business operations for a while now. With digitization, businesses are gaining a detailed insight into their operational performance, demand cycles, delivery status and supply-chain issues. This, in turn, is helping them bolster their competitiveness in the market with enhanced operational productivity, product quality and lower costs.
Supply-Chain Disruptions: Supply-chain disruptions, especially related to the availability of electrical and electronic components, have been concerning for industry participants of late. The latest ISM report’s Supplier Deliveries Index reflects slower deliveries for the ninth straight month in August. Supply-chain issues, if not controlled, might hinder the growth of electronics manufacturing companies going forward.
Zacks Industry Rank Indicates Bright Prospects The Zacks Manufacturing – Electronics industry, housed within the broader Zacks Industrial Products sector, currently carries a Zacks Industry Rank #60. This rank places it in the top 24% of 247 Zacks industries.
The group’s Zacks Industry Rank, basically the average of the Zacks Rank of all the member stocks, indicates bullish near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.
The industry’s positioning in the top 50% of the Zacks-Ranked industries is a result of the solid earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are putting more faith in this group's earnings growth potential. The industry’s earnings estimates for 2026 have increased 0.1% over the past year.
Given the strong near-term prospects of the industry, we will present a few stocks that you may want to consider for your portfolio. However, it is worth taking a look at the industry’s shareholder returns and current valuation first.
Industry Outperforms Sector & S&P 500 The Zacks Manufacturing – Electronics industry has outperformed both the broader sector and the Zacks S&P 500 composite index over the past year. Over this period, the industry has grown 19.4% compared with the sector’s rise of 18.4% and the S&P 500 Index’s increase of 17.4%.
One-Year Price Performance
Industry's Current Valuation On the basis of the forward 12-month Price-to-Earnings (P/E), which is a commonly used multiple for valuing manufacturing stocks, the industry is currently trading at 24.16X compared with the S&P 500’s 19.84X. It is also above the sector’s P/E ratio of 20.69X.
Over the past five years, the industry has traded as high as 25.64X, as low as 14.22X and at the median of 20.99X, as the chart below shows.
Price-to-Earnings Ratio vs. SP500
Price-to-Earnings Ratio vs. Sector
4 Manufacturing Electronics Stocks to Keep a Tab on EnerSys: Based in Pennsylvania, EnerSys is engaged in the manufacturing, marketing and distribution of various industrial batteries. ENS is well-positioned to benefit from solid momentum in the Network & Infrastructure Solutions segment, driven by strong momentum in data centers, communications, power electronics and services. An increase in counter-drone and missile-defense applications within the Precision Power Solutions segment also bodes well.
Shares of EnerSys surged 63.6% in the past year. This Zacks Rank #2 (Buy) company beat estimates in each of the last four reported quarters, delivering an average earnings surprise of 11.5%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Price and Consensus: ENS
Eaton: Headquartered in Dublin, Ireland, Eaton is a diversified power management company and a global technology leader in electrical components and systems. ETN is benefiting from strong electrification-driven demand, reflected in rising orders and an expanding backlog. The company is also poised to gain from increased investments in capacity expansion and innovation initiatives.
Shares of this Zacks Rank #3 (Hold) company rose 17.8% in the past year. It beat estimates in each of the last four reported quarters, delivering an average earnings surprise of 1.3%.
Price and Consensus: ETN
Emerson: Based in St. Louis, MO, this global engineering and technology company offers a wide range of products and services to customers in the consumer, commercial and industrial markets. Emerson is witnessing solid momentum in the Final Control segment, driven by strength in the power, LNG and midstream gas end markets. Strength in the semiconductor and aerospace & defense end markets is aiding the Test & Measurement segment. Solid performance of the power end market is driving the Control Systems & Software segment.
Shares of this Zacks Rank #3 company have surged 17.2% in the past year. The company beat estimates in each of the last four reported quarters, delivering an average earnings surprise of 1.3%.
Price and Consensus: EMR
A. O. Smith: Headquartered in Milwaukee, WI, A. O. Smith is a manufacturer of commercial and residential water heating equipment and water treatment products. AOS is well-positioned to benefit from solid momentum in the North America segment, driven by strong growth in the boiler business. Also, the acquisition of Leonard Valve, which boosted its water heating and boiler offerings and strengthened its presence in the water management market, bodes well.
The Zacks Consensus Estimate for this Zacks Rank #3 company’s 2026 earnings has remained steady in the past 60 days. A. O. Smith beat estimates in three of the last four reported quarters and missed the mark in one, delivering an average earnings surprise of 2.6%.
Investors with an interest in Manufacturing - Electronics stocks have likely encountered both EnerSys (ENS) and ABB (ABBNY). But which of these two stocks is more attractive to value investors?
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is EnerSys (ENS - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
EnerSys is a member of our Industrial Products group, which includes 186 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. EnerSys is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ENS' full-year earnings has moved 10.8% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ENS has returned 19.7% so far this year. Meanwhile, the Industrial Products sector has returned an average of 12.7% on a year-to-date basis. As we can see, EnerSys is performing better than its sector in the calendar year.
Keyence Corporation (KYCCF - Free Report) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 36.7%.
For Keyence Corporation, the consensus EPS estimate for the current year has increased 18.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, EnerSys belongs to the Manufacturing - Electronics industry, a group that includes 14 individual stocks and currently sits at #64 in the Zacks Industry Rank. On average, this group has gained an average of 20.3% so far this year, meaning that ENS is slightly underperforming its industry in terms of year-to-date returns.
Keyence Corporation, however, belongs to the Manufacturing - General Industrial industry. Currently, this 41-stock industry is ranked #70. The industry has moved -0.5% so far this year.
Investors interested in the Industrial Products sector may want to keep a close eye on EnerSys and Keyence Corporation as they attempt to continue their solid performance.
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One stock to keep an eye on is Enersys (ENS - Free Report) . ENS is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 10.35. This compares to its industry's average Forward P/E of 22.23. Over the past 52 weeks, ENS's Forward P/E has been as high as 10.97 and as low as 7.62, with a median of 9.65.
We should also highlight that ENS has a P/B ratio of 2.31. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 5.17. Within the past 52 weeks, ENS's P/B has been as high as 2.34 and as low as 1.61, with a median of 2.06.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. ENS has a P/S ratio of 1.63. This compares to its industry's average P/S of 2.37.
Finally, our model also underscores that ENS has a P/CF ratio of 9.49. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 23.52. ENS's P/CF has been as high as 11.50 and as low as 6.76, with a median of 8.88, all within the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that Enersys is likely undervalued currently. And when considering the strength of its earnings outlook, ENS sticks out as one of the market's strongest value stocks.
California State Teachers Retirement System lifted its holdings in shares of Enersys (NYSE:ENS – Free Report) by 22,689.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,967,279 shares of the industrial products company’s stock after acquiring an additional 9,923,542 shares during the period. California State Teachers Retirement System owned 27.64% of Enersys worth $2,330,549,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Enersys in the second quarter valued at about $1,221,455,000. Norges Bank purchased a new position in shares of Enersys in the 4th quarter valued at about $78,599,000. Paradigm Capital Management Inc. NY acquired a new stake in shares of Enersys in the second quarter valued at about $102,249,000. LSV Asset Management increased its stake in Enersys by 298.9% in the 4th quarter. LSV Asset Management now owns 562,293 shares of the industrial products company’s stock valued at $82,516,000 after purchasing an additional 421,338 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Enersys by 257.8% in the 3rd quarter. Millennium Management LLC now owns 556,771 shares of the industrial products company’s stock worth $62,893,000 after buying an additional 401,167 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.
Analyst Ratings Changes A number of equities analysts have weighed in on ENS shares. Oppenheimer reiterated an “outperform” rating on shares of Enersys in a report on Friday, August 14th. Zacks Research upgraded shares of Enersys from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Weiss Ratings downgraded Enersys from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. TD Cowen upped their price target on Enersys from $220.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Wall Street Zen upgraded shares of Enersys from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $265.00.
Check Out Our Latest Analysis on Enersys Enersys Stock Performance Shares of ENS opened at $179.25 on Friday. The stock has a market capitalization of $6.46 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 0.89 and a beta of 1.21. The business’s fifty day moving average price is $191.45 and its 200 day moving average price is $198.44. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.80 and a quick ratio of 1.83. Enersys has a 12-month low of $106.18 and a 12-month high of $244.30.
Enersys (NYSE:ENS – Get Free Report) last released its earnings results on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.83. Enersys had a net margin of 9.29% and a return on equity of 24.02%. The firm had revenue of $935.64 million during the quarter, compared to analyst estimates of $928.01 million. During the same quarter in the previous year, the firm earned $2.08 earnings per share. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. Equities research analysts forecast that Enersys will post 13.41 EPS for the current year.
Enersys Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be paid a $0.2875 dividend. The ex-dividend date is Friday, September 18th. This is an increase from Enersys’s previous quarterly dividend of $0.26. This represents a $1.15 dividend on an annualized basis and a yield of 0.6%. Enersys’s payout ratio is presently 11.24%.
Enersys Profile (Free Report)
EnerSys (NYSE: ENS) is a global provider of stored energy solutions. The company designs, manufactures and distributes industrial batteries, battery chargers, power conversion equipment and energy management systems for applications that require reliable backup, motive and portable power.
Its products serve a range of markets, including telecommunications, data centers, utilities, industrial facilities, transportation, material handling, aerospace and defense. EnerSys offers lead-acid and lithium-ion battery technologies, as well as related chargers, enclosures, monitoring systems and service programs.
Featured Stories Five stocks we like better than Enersys Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model Kroger’s Textbook Entry for Buy-and-Hold Investors AST SpaceMobile Looks to Extend Its 30-Day FCC Satellite Testing Window Amgen Drops 10% on a Trial It Didn’t Even Run Want to see what other hedge funds are holding ENS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enersys (NYSE:ENS – Free Report).
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Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
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How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +23.8% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
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As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
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Stock to Watch: EnerSys (ENS - Free Report) Headquartered in Pennsylvania, EnerSys manufactures, markets and distributes industrial batteries and related stored-energy products. The company also develops battery chargers and accessories, power electronics, power equipment and outdoor cabinet enclosures. It provides maintenance, technical and other support services for customers.
ENS is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 13.35; value investors should take notice.
For fiscal 2027, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $1.31 to $13.41 per share. ENS boasts an average earnings surprise of +11.5%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, ENS should be on investors' short list.
A month has gone by since the last earnings report for EnerSys (ENS - Free Report) . Shares have lost about 9.3% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is EnerSys due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for Enersys before we dive into how investors and analysts have reacted as of late.
EnerSys Q1 Earnings and Sales Beat on Pricing, Margin ExpansionEnerSys reported its first-quarter fiscal 2027 results on Aug. 12. Its adjusted earnings came in at $3.66 per share, beating the Zacks Consensus Estimate of $2.82 by 29.8%. The bottom line increased 64.1% year over year, aided by margin expansion, IRC 45X benefits and a $30.9 million tariff refund.
Net sales of $936 million topped the consensus estimate of $923 million by 1.4% and increased 4.8% year over year. Pricing contributed 3%, foreign currency translation added 1% and organic volume rose 1%. Backlog was flat year over year but increased 2% sequentially.
Sales Mix Benefits From NIS and PPS StrengthNetwork & Infrastructure Solutions (NIS) sales rose 9.4% year over year to $428.3 million. Favorable volume and mix reflected strength in power electronics and data-center demand. Volume contributed 5%, price/mix added 4% and currency translation provided a 1% lift.
Precision Power Solutions (PPS) sales surged 23.6% to $100.5 million. Volume advanced 16%, price/mix added 7% and acquisitions contributed 1%. Aerospace and defense demand, particularly counter-drone and missile-defense applications, supported the increase.
EnerSys Faces Continued Industrial Mobility SoftnessIndustrial Mobility Solutions (IMS) sales fell 3.2% year over year to $406.8 million. Volume declined 5% as material-handling demand remained soft, partly offset by recovery in Transportation and improved price/mix.
Adjusted operating earnings for IMS declined 10.5% to $37.7 million, with adjusted operating margin contracting 70 basis points to 9.3%. This contrasted with NIS and PPS, where adjusted operating margins expanded 280 and 300 basis points, respectively.
Margin Gains Drive Stronger ProfitabilityGross profit increased to $313.4 million from $253.2 million, while gross margin expanded 510 basis points to 33.5%. Excluding IRC 45X benefits, gross margin improved 440 basis points to 28.5%.
Adjusted operating earnings advanced 47.2% to $178.8 million, with the margin rising 550 basis points to 19.1%. Excluding 45X benefits and tariff refunds, adjusted operating earnings increased 21% and the related margin improved 140 basis points to 10.8%, highlighting underlying operating leverage.
EnerSys Sees Healthy Orders Despite Market VariabilityFirst-quarter orders increased 7% year over year, driven by NIS, though they declined 9% sequentially on seasonality. The total book-to-bill ratio was 1.06, with NIS at 1.15, IMS at 1.04 and PPS at 0.73.
EnerSys also advanced targeted growth initiatives. Its Fortix 172-kWh battery energy storage system received UL and NFPA 855 approval, while the DataSafe Noir lithium offering launched in June. The company also secured a revised roughly $150 million Department of Energy grant for its planned U.S. lithium cell manufacturing campus.
Cash Generation Improves Financial FlexibilityCash from operating activities totaled $230.2 million, while free cash flow was $217.8 million and free cash flow conversion reached 187%. Cash and cash equivalents stood at $530.7 million at quarter-end, with net debt at $521.5 million and net leverage at 0.8.
The company returned $59.6 million to shareholders, including $50 million through share repurchases and $9.6 million through dividends. The board also raised the quarterly dividend 10% to 28.75 cents per share for the second quarter of fiscal 2027.
EnerSys Guides Higher Q2 Sales and EarningsFor the second quarter of fiscal 2027, EnerSys expects net sales of $955-$995 million. At the midpoint, this represents 2% year-over-year growth. IRC 45X benefits to cost of sales are projected at $42-$47 million.
Adjusted earnings are projected at $3.15-$3.25 per share, with adjusted earnings excluding 45X benefits at $1.95-$2.05. The company expects first-half earnings growth to be driven primarily by margin expansion, followed by greater top-line growth later in fiscal 2027 as material handling recovers and strength continues in data centers, communications, aerospace and defense, and transportation.
How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended upward during the past month.
The consensus estimate has shifted 7.75% due to these changes.
VGM ScoresAt this time, EnerSys has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with a C. Charting a somewhat similar path, the stock has a score of B on the value side, putting it in the second quintile for value investors.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise EnerSys has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Hsbc Holdings PLC grew its position in Enersys (NYSE:ENS – Free Report) by 80.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,021 shares of the industrial products company’s stock after purchasing an additional 32,034 shares during the period. Hsbc Holdings PLC owned about 0.20% of Enersys worth $16,856,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. United Services Automobile Association acquired a new position in Enersys in the first quarter worth approximately $240,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Enersys by 9.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 113,770 shares of the industrial products company’s stock worth $10,419,000 after acquiring an additional 9,737 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Enersys during the 2nd quarter worth $4,623,000. EverSource Wealth Advisors LLC lifted its stake in shares of Enersys by 626.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 552 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 476 shares during the last quarter. Finally, Cerity Partners LLC acquired a new stake in shares of Enersys in the second quarter worth about $460,000. 94.93% of the stock is owned by hedge funds and other institutional investors.
Enersys Stock Performance NYSE:ENS opened at $180.78 on Wednesday. The firm’s 50-day moving average is $193.38 and its 200-day moving average is $198.52. Enersys has a 52-week low of $103.03 and a 52-week high of $244.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 2.80. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 0.90 and a beta of 1.21.
Enersys (NYSE:ENS – Get Free Report) last released its earnings results on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.83. Enersys had a net margin of 9.29% and a return on equity of 24.02%. The business had revenue of $935.64 million during the quarter, compared to analysts’ expectations of $928.01 million. During the same quarter last year, the company earned $2.08 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. Equities research analysts anticipate that Enersys will post 13.41 earnings per share for the current year. Enersys Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be given a dividend of $0.2875 per share. This is a boost from Enersys’s previous quarterly dividend of $0.26. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, September 18th. Enersys’s dividend payout ratio (DPR) is presently 11.24%.
Wall Street Analyst Weigh In A number of research analysts have recently commented on ENS shares. Oppenheimer reissued an “outperform” rating on shares of Enersys in a report on Friday, August 14th. BTIG Research restated a “buy” rating and issued a $280.00 price objective on shares of Enersys in a research note on Thursday, August 13th. Weiss Ratings lowered shares of Enersys from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Wall Street Zen upgraded shares of Enersys from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Finally, Zacks Research upgraded Enersys from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat.com, Enersys has a consensus rating of “Buy” and a consensus target price of $265.00.
Get Our Latest Report on ENS
Enersys Company Profile (Free Report)
Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.
The company’s product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.8% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: EnerSys (ENS - Free Report) Headquartered in Pennsylvania, EnerSys manufactures, markets and distributes industrial batteries and related stored-energy products. The company also develops battery chargers and accessories, power electronics, power equipment and outdoor cabinet enclosures. It provides maintenance, technical and other support services for customers.
ENS is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. ENS has a Growth Style Score of A, forecasting year-over-year earnings growth of 27% for the current fiscal year.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2027. The Zacks Consensus Estimate has increased $1.31 to $13.41 per share. ENS boasts an average earnings surprise of +11.5%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, ENS should be on investors' short list.
Investors with an interest in Manufacturing - Electronics stocks have likely encountered both EnerSys (ENS - Free Report) and ABB (ABBNY - Free Report) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.
Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.
EnerSys has a Zacks Rank of #2 (Buy), while ABB has a Zacks Rank of #3 (Hold) right now. Investors should feel comfortable knowing that ENS likely has seen a stronger improvement to its earnings outlook than ABBNY has recently. But this is just one factor that value investors are interested in.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.
ENS currently has a forward P/E ratio of 13.51, while ABBNY has a forward P/E of 25.28. We also note that ENS has a PEG ratio of 0.90. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. ABBNY currently has a PEG ratio of 1.41.
Another notable valuation metric for ENS is its P/B ratio of 3.35. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, ABBNY has a P/B of 10.61.
Based on these metrics and many more, ENS holds a Value grade of A, while ABBNY has a Value grade of D.
ENS sticks out from ABBNY in both our Zacks Rank and Style Scores models, so value investors will likely feel that ENS is the better option right now.
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.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
Enersys (ENS - Free Report) is a stock many investors are watching right now. ENS is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock is trading with a P/E ratio of 10.35, which compares to its industry's average of 23.30. Over the last 12 months, ENS's Forward P/E has been as high as 10.97 and as low as 7.62, with a median of 9.65.
Another valuation metric that we should highlight is ENS's P/B ratio of 2.31. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 5.37. Over the past year, ENS's P/B has been as high as 2.34 and as low as 1.61, with a median of 2.06.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. ENS has a P/S ratio of 1.75. This compares to its industry's average P/S of 2.44.
Finally, investors should note that ENS has a P/CF ratio of 9.49. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. ENS's P/CF compares to its industry's average P/CF of 24.44. Over the past year, ENS's P/CF has been as high as 11.50 and as low as 6.76, with a median of 8.88.
These are just a handful of the figures considered in Enersys's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that ENS is an impressive value stock right now.
READING, Pa.--(BUSINESS WIRE)-- #EnerSys--EnerSys (NYSE: ENS), a global leader in stored energy solutions for industrial, infrastructure, and defense applications, announced today that President and CEO, Shawn O'Connell, and Executive Vice President and CFO, Andrea Funk, will participate in a fireside chat as part of the Jefferies Renewables, Clean Energy, & Construction Conference on Friday, September 11th, at 10:15 am ET. A live webcast and archived replay will be available to the public via this li.
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.8% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: EnerSys (ENS - Free Report) Headquartered in Pennsylvania, EnerSys manufactures, markets and distributes industrial batteries and related stored-energy products. The company also develops battery chargers and accessories, power electronics, power equipment and outdoor cabinet enclosures. It provides maintenance, technical and other support services for customers.
ENS is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 13.98; value investors should take notice.
Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2027, while the Zacks Consensus Estimate has increased $1.31 to $13.41 per share. ENS also boasts an average earnings surprise of +11.5%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, ENS should be on investors' short list.
EnerSys (ENS - Free Report) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ENS broke through the 20-day moving average, which suggests a short-term bullish trend.
A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages.
Like other SMAs, if a stock's price is moving above the 20-day, the trend is considered positive. When the price falls below the moving average, it can signal a downward trend.
Shares of ENS have been moving higher over the past four weeks, up 5.8%. Plus, the company is currently a Zacks Rank #1 (Strong Buy) stock, suggesting that ENS could be poised for a continued surge.
The bullish case only gets stronger once investors take into account ENS's positive earnings estimate revisions. There have been 3 revisions higher for the current fiscal year compared to none lower, and the consensus estimate has moved up as well.
Investors should think about putting ENS on their watchlist given the ultra-important technical indicator and positive move in earnings estimate revisions.
For Immediate ReleaseChicago, IL – August 24, 2026 – Zacks Equity Research shares EnerSys (ENS - Free Report) as the Bull of the Day and AECOM (ACM - Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on NVIDIA Corporation’s (NVDA - Free Report) , Advanced Micro Devices, Inc. (AMD - Free Report) .
Here is a synopsis of all five stocks:
Bull of the Day:EnerSys is seeing strong energy solutions demand thanks to data center and other mission critical needs. This Zacks Rank #1 (Strong Buy) is expected to grow earnings by 27% in fiscal 2027.
EnerSys is headquartered in Reading, PA and operates in stored energy solutions helping industrial, infrastructure and defense customers address critical power and operational needs.
It supports customers across key mission critical areas including communications networks, data centers, energy infrastructure, material handling, transportation, and aerospace and defense.
EnerSys serves customers in more than 100 countries. It has a market cap of $6.9 billion.
EnerSys Beats on Earnings Again in the Fiscal 2027 First QuarterOn Aug 12, 2026, EnerSys reported its first quarter fiscal 2027 results and beat the Zacks Consensus by $0.84. Earnings were $3.66 compared to the Zacks Consensus of $2.82.
EnerSys is an earnings all-star. It has only missed on the Zacks Consensus one time in the last 5 years and that was all the way back in 2021. It has beat on earnings 19 quarters in a row.
That’s an impressive earnings surprise track record.
Net sales were up 5% to $936 million. It saw a big jump in gross margin, up 510 basis points, to 33.5%.
The company was a beneficiary of the tariff refunds, realizing $30.9 million in the quarter. If you strip out the one-time refund, earnings were still up 42% year-over-year.
“Momentum across data centers, communications, and aerospace & defense is generating strong sales growth and margin expansion, offsetting the delayed recovery of material handling demand, and enabling another record first quarter result,” said Shawn O’Connell, President and CEO.
EnerSys Gives Bullish Fiscal Second Quarter 2027 GuidanceEnerSys is bullish about the outlook in the fiscal second quarter.
“Our second quarter outlook reflects continued strength across Data Centers, Communications, and Aerospace and Defense, as well as early recovery in Transportation,” said Andrea Funk, CFO.
The company also expects earnings growth to be from margin expansion in the first half of the fiscal year but with a shift to higher top line growth towards the end of fiscal 2027.
The company guided fiscal second quarter 2027 earnings above the Zacks Consensus in the range of $3.15 to $3.25. The Zacks Consensus had been looking for $3.01.
Analysts Raise EnerSys Estimates for the Full YearGiven the big earnings beat and guide for Q2 that was higher than the consensus, it’s not a surprise that analysts have raised their fiscal 2027 full year earnings estimates.
Two estimates were raised in the last week, pushing the Zacks Consensus up to $13.41 from $12.37 before the earnings report.
This is earnings growth of 27% as the company made only $10.56 in fiscal 2026.
One estimate was also revised higher for fiscal 2028 in the last week as well, pushing up the Zacks Consensus to $15.10. That’s another 12.6% earnings growth.
What it looks like now on the five-year price and consensus chart.
The Stock Takes a Time Out: A Buying Opportunity?Shares of EnerSys have soared over the last year, gaining 93% during that period, as the AI infrastructure plays were hot. But in the last 3 months, the AI infrastructure trade has cooled off.
EnerSys shares are down 18.9% in this period.
But they are getting cheaper on a fundamental basis. EnerSys now trades with a forward price-to-earnings (P/E) ratio of 14.2. A P/E ratio under 15 usually indicates a company is undervalued.
EnerSys also has a PEG ratio of 0.9. A PEG is the P/E ratio divided by growth. A PEG ratio under 1.0 usually means a company has both value and growth. This is a rare combination.
EnerSys is also shareholder friendly. On Aug 12, 2026, the Board declared a 10% increase to the company’s quarterly dividend to $0.2875 per share. That’s an annual dividend of $1.05 which is yielding 0.6%.
It’s payable on Oct 2, 2026, to holders of record as of Sep 18, 2026.
The company also has a share buyback program and repurchased $50 million in shares in the fiscal first quarter of 2027.
For investors looking for a way to play energy solutions during the AI Revolution, but want to get it cheap, EnerSys should be on your short list.
Bear of the Day:AECOM posted a record backlog in the second quarter of 2026 but a surprise tax loss has led to big earnings cuts. This Zacks Rank #5 (Strong Sell) is now expected to see an earnings decline in 2026.
AECOM is an infrastructure professional services firm in water, environment, energy, transportation, and buildings.
The company partners with public – and private- sector clients to create solutions from advisory, planning, design and engineering to program and construction management. It operates worldwide.
AECOM Misses Big on Earnings in the Fiscal Third Quarter of 2026On Aug 10, 2026, AECOM reported its fiscal third quarter 2026 results and missed on the Zacks Consensus Estimate by $1.99. Earnings were a loss of $0.50 versus the consensus of $1.49.
The big surprise was in a $337 million pre-tax charge due to higher projected costs to complete a Construction Management project.
That project was awarded in 2019 under terms and conditions that would not be acceptable after the substantial changes AECOM implemented to its risk policies several years ago.
But the damage was done even though the backlog was up 13% to a new record driven by a record $4.2 billion in wins.
The design pipeline also increased again to a new all-time high.
Analysts Cut AECOM’s Earnings Estimates for Fiscal 2026 and 2027With that big of an earnings miss in the third quarter, it’s not a surprise that the analysts cut their fiscal 2026 earnings estimates as well.
Three estimates were cut for 2026 in the last month, pushing down the Zacks Consensus to $4.48 from $5.97. That’s an earnings decline of 14.8% as the company made $5.26 last year.
Analysts were also bearish on fiscal 2027. Four estimates were cut for next year in the last month, pushing down the Zacks Consensus Estimate to $6.05 from $6.76. However, they do have AECOM returning to earnings growth of 35% in fiscal 2027.
Here’s what it looks like on the price and consensus chart.
Shares of AECOM Sink The Street didn’t like the pre-tax loss surprise so the shares sold off on the news. But they had already been falling prior to the earnings report.
Over the last year AECOM fell 46.7% and it is trading near 5-year lows.
Is it cheap?
AECOM trades with a forward price-to-earnings (P/E) ratio of 14.5. A P/E ratio under 15 usually indicates a company is undervalued.
It also has a price-to-sales (P/S) ratio of 0.5. A P/S of 1.0 or less usually indicates a company has value. An investor is buying every $1.00 of sales for just $0.50.
But investors interested in AECOM might want to wait to make sure next year’s earnings turnaround is for real before buying in. Watch for positive earnings estimate revisions.
Additional content:NVIDIA Earnings Wednesday: Buy, Sell or Hold?NVIDIA Corporation’s much-awaited fiscal 2027 second-quarter earnings (ended July 26) are set to be reported after the closing bell on Aug. 26.
The results come at a critical juncture for the Jensen Huang-led company, as investors weigh concerns over a possible slowdown in artificial intelligence (AI) spending, ongoing export restrictions on the sale of advanced chips to China, and stiff competition from rivals such as Advanced Micro Devices, Inc.
Therefore, as the earnings date approaches, investors should carefully consider their strategy and assess whether to buy, hold, or sell the NVDA stock. So, what should be their course of action ahead of the earnings report? Let’s take a closer look –
NVIDIA Poised for Another Blowout Quarter: What to Expect In the fiscal first quarter of 2027, NVIDIA reported revenues of $81.6 billion, up 85% year over year and 20% sequentially, according to the company’s May 20 press release. Data Center revenues in particular reached a record $75.2 billion, up 92% year over year and 21% quarter over quarter.
The robust demand for NVIDIA’s cutting-edge AI chips and computing platforms fueled strong top-line growth in the fiscal first quarter and is expected to remain a key growth catalyst in the fiscal second quarter. The Data Center business continues to benefit as major cloud providers ramp up capital spending on AI infrastructure and expand their deployment of NVIDIA’s graphics processing units (GPUs).
Against this backdrop, NVIDIA expects revenues for the fiscal second quarter to reach $91 billion, plus or minus 2%, broadly in line with the Zacks Consensus Estimate of $91.8 billion. The revenue outlook reflects continued strong AI demand.
Furthermore, NVIDIA’s management expects the company to maintain strong profitability along with revenue growth. In the fiscal second quarter, NVIDIA projects a non-GAAP gross margin of 75%, plus or minus 0.5%, broadly in line with the 75% margin reported in the fiscal first quarter.
Additionally, the Zacks Consensus Estimate for NVIDIA’s fiscal second-quarter earnings per share (EPS) is $2.09, representing a 99.1% year-over-year increase. NVIDIA’s trailing four-quarter earnings surprise, on average, is a positive 5.5%, suggesting that the stock has a track record of surpassing consensus estimates.
NVIDIA Stock Ahead of Q2 Earnings: Buy, Hold or Sell? Strong AI demand, robust revenue outlook, and sustained gross margin point to a strong fiscal second quarter for NVIDIA, with EPS growth projected to be almost double year over year.
Most importantly, the company’s striking revenue growth projection excludes Chinese Data Center compute revenue, underscoring management’s confidence in achieving strong growth despite ongoing export restrictions.
Thus, the company’s underlying strength reinforces the long-term investment case for NVIDIA, even if the stock faces short-term volatility following the earnings report. In fact, NVIDIA’s strong fundamentals and AI momentum could make any potential near-term pullbacks an attractive entry point for long-term investors.
From a valuation perspective, NVIDIA also appears attractive with its forward price-to-earnings ratio of 23.86 sitting below the Semiconductor - General industry’s average of 28.06.
For now, NVIDIA has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Key Takeaways On Aug 12, 2026, EnerSys beat on earnings for the 19th quarter in a row. EnerSys guided above the Zacks Consensus for Fiscal Q2 2027 on strong data center demand.EnerSys is cheap. It trades with a forward P/E of just 14.2. EnerSys (ENS - Free Report) is seeing strong energy solutions demand thanks to data center and other mission critical needs. This Zacks Rank #1 (Strong Buy) is expected to grow earnings by 27% in fiscal 2027.
EnerSys is headquartered in Reading, PA and operates in stored energy solutions helping industrial, infrastructure and defense customers address critical power and operational needs.
It supports customers across key mission critical areas including communications networks, data centers, energy infrastructure, material handling, transportation, and aerospace and defense.
EnerSys serves customers in more than 100 countries. It has a market cap of $6.9 billion.
EnerSys Beats on Earnings Again in the Fiscal 2027 First QuarterOn Aug 12, 2026, EnerSys reported its first quarter fiscal 2027 results and beat the Zacks Consensus by $0.84. Earnings were $3.66 compared to the Zacks Consensus of $2.82.
EnerSys is an earnings all-star. It has only missed on the Zacks Consensus one time in the last 5 years and that was all the way back in 2021. It has beat on earnings 19 quarters in a row.
Image Source: Zacks Investment Research
That’s an impressive earnings surprise track record.
Net sales were up 5% to $936 million. It saw a big jump in gross margin, up 510 basis points, to 33.5%.
The company was a beneficiary of the tariff refunds, realizing $30.9 million in the quarter. If you strip out the one-time refund, earnings were still up 42% year-over-year.
“Momentum across data centers, communications, and aerospace & defense is generating strong sales growth and margin expansion, offsetting the delayed recovery of material handling demand, and enabling another record first quarter result,” said Shawn O’Connell, President and CEO.
EnerSys Gives Bullish Fiscal Second Quarter 2027 GuidanceEnerSys is bullish about the outlook in the fiscal second quarter.
“Our second quarter outlook reflects continued strength across Data Centers, Communications, and Aerospace and Defense, as well as early recovery in Transportation,” said Andrea Funk, CFO.
The company also expects earnings growth to be from margin expansion in the first half of the fiscal year but with a shift to higher top line growth towards the end of fiscal 2027.
The company guided fiscal second quarter 2027 earnings above the Zacks Consensus in the range of $3.15 to $3.25. The Zacks Consensus had been looking for $3.01.
Analysts Raise EnerSys Estimates for the Full YearGiven the big earnings beat and guide for Q2 that was higher than the consensus, it’s not a surprise that analysts have raised their fiscal 2027 full year earnings estimates.
Two estimates were raised in the last week, pushing the Zacks Consensus up to $13.41 from $12.37 before the earnings report.
This is earnings growth of 27% as the company made only $10.56 in fiscal 2026.
One estimate was also revised higher for fiscal 2028 in the last week as well, pushing up the Zacks Consensus to $15.10. That’s another 12.6% earnings growth.
What it looks like now on the five-year price and consensus chart.
Image Source: Zacks Investment Research
The Stock Takes a Time Out: A Buying Opportunity?Shares of EnerSys have soared over the last year, gaining 93% during that period, as the AI infrastructure plays were hot. But in the last 3 months, the AI infrastructure trade has cooled off.
EnerSys shares are down 18.9% in this period.
Image Source: Zacks Investment Research
But they are getting cheaper on a fundamental basis. EnerSys now trades with a forward price-to-earnings (P/E) ratio of 14.2. A P/E ratio under 15 usually indicates a company is undervalued.
EnerSys also has a PEG ratio of 0.9. A PEG is the P/E ratio divided by growth. A PEG ratio under 1.0 usually means a company has both value and growth. This is a rare combination.
EnerSys is also shareholder friendly. On Aug 12, 2026, the Board declared a 10% increase to the company’s quarterly dividend to $0.2875 per share. That’s an annual dividend of $1.05 which is yielding 0.6%.
It’s payable on Oct 2, 2026, to holders of record as of Sep 18, 2026.
The company also has a share buyback program and repurchased $50 million in shares in the fiscal first quarter of 2027.
For investors looking for a way to play energy solutions during the AI Revolution, but want to get it cheap, EnerSys should be on your short list.
Key Takeaways Darling Ingredients saw broker ratings rise 7.7% in four weeks; 2026 earnings are seen up 926.5%.EnerSys' broker ratings increased 20% in four weeks as fiscal 2027 earnings are projected to grow 27%.Dollar Tree's broker ratings rose 3.7% in four weeks; fiscal 2027 earnings are expected to climb 21.7%. U.S. equities have remained firmly in the positive territory this year, with some pullbacks in between. The S&P 500, Dow and Nasdaq are up 11.6%, 9.8% and 12.2%, respectively, year to date. Rising Treasury yields, oil-driven inflation concerns, tariff uncertainty and stretched AI valuations weighed on sentiment, while solid corporate earnings, earlier record highs and broader participation, including small-cap gains, continue to support the market’s overall performance.
Amid this backdrop, choosing the right stock can become challenging. One way to simplify this task is to follow brokers’ recommendations. Stocks like Darling Ingredients Inc. (DAR - Free Report) , EnerSys (ENS - Free Report) and Dollar Tree, Inc. (DLTR - Free Report) are worth considering.
Broker recommendations are backed by detailed research involving discussions with company management, reviews of regulatory filings, earnings call assessments, channel checks and broader industry analysis. This process helps analysts evaluate a company’s fundamentals against prevailing macroeconomic conditions, sector dynamics, competitive positioning and peer performance, providing a more complete perspective rather than assessing the business on a stand-alone basis.
A broker upgrade generally signals a meaningful improvement in an analyst’s outlook for a company. The revision may be driven by positive developments that are not yet fully reflected in consensus estimates or the stock’s prevailing valuation. Consequently, an upgrade may suggest a potential inflection point in earnings expectations and investor sentiment.
However, broker upgrades should not be viewed as independent investment signals. Their value is greater when considered alongside other fundamental, earnings and valuation measures. Hence, broker recommendations are best used within a broader, balanced and disciplined investment decision-making framework.
Selecting the Winning StrategyWe have a screening strategy that may help you identify potential winners.
Broker Rating Upgrades (Four Weeks) of 1% or More: The screen selects stocks that have witnessed broker rating upgrades of 1% or more over the past four weeks.
Current Price Greater Than $5: The stocks must trade above $5.
Average 20-Day Volume Greater Than 100,000: A large trading volume guarantees that the stock is easily tradable.
Zacks Rank Equal to #1 (Strong Buy) or 2 (Buy): Despite good or bad market conditions, stocks with a Zacks Rank #1 or 2 have a proven record of success. You can see the complete list of today’s Zacks #1 Rank stocks here.
VGM Score of A or B: Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best upside potential.
3 Stocks With Upgraded Broker Ratings to ConsiderIrving, TX-based Darling Ingredients is a global developer and producer of sustainable natural ingredients derived from edible and inedible bio-nutrients. DAR serves customers across the pharmaceutical, food, pet food, animal feed, industrial, fuel, bioenergy and fertilizer markets.
DAR’s 2026 earnings are expected to jump 926.5% year over year. Darling Ingredients, which currently sports a Zacks Rank #1, has witnessed a 7.7% upward revision in broker ratings over the past four weeks.
EnerSys, based in Pennsylvania, is engaged in manufacturing, marketing and distribution of various industrial batteries. ENS develops battery chargers and accessories, power equipment and outdoor cabinet enclosures. Apart from this, it provides support services for clients.
EnerSys’ fiscal 2027 earnings are projected to grow 27% on a year-over-year basis. ENS, sporting a Zacks Rank #1 at present, has seen a 20% increase in broker ratings over the past four weeks.
Headquartered in Chesapeake, VA, Dollar Tree is an operator of discount variety stores offering a broad assortment of everyday consumables and discretionary merchandise. DLTR's stores serve major metropolitan areas, mid-sized cities and small towns.
DLTR’s fiscal 2027 earnings are expected to increase 21.7% year over year. Dollar Tree, which currently carries a Zacks Rank #2, has witnessed a 3.7% upward revision in broker ratings over the past four weeks.
Here are three stocks with buy rank and strong value characteristics for investors to consider today, August 19th:
Kubota (KUBTY - Free Report) : This company, which is the world's largest maker of small tractors and Japan's 2nd largest manufacturer of farm equipment, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.1% over the last 60 days.
Kubota has a price-to-earnings ratio (P/E) of 14.97 compared with 18.80 for the industry. The company possesses a Value Score of A.
Enersys (ENS - Free Report) : This company, which is engaged in manufacturing, marketing and distribution of various industrial batteries, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.4% over the last 60 days.
Enersys has a price-to-earnings ratio (P/E) of 15.57 compared with 24.30 for the industry. The company possesses a Value Score of B.
Itron (ITRI - Free Report) : This technology and services company, which is a leading global supplier of a wide range of standard, advanced, and smart meters and meter communication systems, including networks and communication modules, software, devices, sensors, data analytics and services to the utility and municipal sectors, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.8% over the last 60 days.
Itron has a price-to-earnings ratio (P/E) of 15.82 compared with 26.50 for the industry. The company possesses a Value Score of B.
See the full list of top ranked stocks here.
Learn more about the Value score and how it is calculated here.
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Chime Financial, Inc. (CHYM - Free Report) : This consumer financial technology company, has seen the Zacks Consensus Estimate for its current year earnings increasing 30% over the last 60 days.
Kubota (KUBTY - Free Report) : This company, which is the world's largest maker of small tractors and Japan's 2nd largest manufacturer of farm equipment, has seen the Zacks Consensus Estimate for its current year earnings increasing 15.10% over the last 60 days.
Enersys (ENS - Free Report) : This company, which is engaged in manufacturing, marketing and distribution of various industrial batteries, has seen the Zacks Consensus Estimate for its current year earnings increasing 7.4% over the last 60 days.
Palantir Technologies (PLTR - Free Report) : This company, which builds and deploys software platforms for the intelligence community to help in counterterrorism investigations and operations across the United States and internationally, has seen the Zacks Consensus Estimate for its current year earnings increasing 6.7% over the last 60 day.
Itron (ITRI - Free Report) : This technology and services company, which is one of the leading global suppliers of a wide range of standard, advanced, and smart meters and meter communication systems, including networks and communication modules, software, devices, sensors, data analytics and services to the utility and municipal sectors, has seen the Zacks Consensus Estimate for its current year earnings increasing 5.8% over the last 60 days.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
EnerSys (ENS - Free Report) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.
The upward trend in estimate revisions for this maker of industrial batteries reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For EnerSys, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year.
The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:
12 Month EPS
Current-Quarter Estimate RevisionsFor the current quarter, the company is expected to earn $3.07 per share, which is a change of +19.9% from the year-ago reported number.
Over the last 30 days, the Zacks Consensus Estimate for EnerSys has increased 7.86% because two estimates have moved higher compared to no negative revisions.
Current-Year Estimate RevisionsFor the full year, the earnings estimate of $13.00 per share represents a change of +23.1% from the year-ago number.
In terms of estimate revisions, the trend for the current year also appears quite encouraging for EnerSys. Over the past month, three estimates have moved higher compared to no negative revisions, helping the consensus estimate increase 7.4%.
Favorable Zacks RankThanks to promising estimate revisions, EnerSys currently carries a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom LineWhile strong estimate revisions for EnerSys have attracted decent investments and pushed the stock 5.2% higher over the past four weeks, further upside may still be left in the stock. So, you may consider adding it to your portfolio right away.
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What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
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Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: EnerSys (ENS - Free Report) Headquartered in Pennsylvania, EnerSys engages in manufacturing, marketing and distribution of various industrial batteries. Additionally, the company develops battery chargers and accessories, power equipment and outdoor cabinet enclosures. This apart, it provides support services for clients.
ENS is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. ENS has a Growth Style Score of A, forecasting year-over-year earnings growth of 23.1% for the current fiscal year.
Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2027, while the Zacks Consensus Estimate has increased $0.90 to $13.00 per share. ENS also boasts an average earnings surprise of +11.5%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, ENS should be on investors' short list.
Investors interested in Manufacturing - Electronics stocks are likely familiar with EnerSys (ENS) and ABB (ABBNY). But which of these two stocks presents investors with the better value opportunity right now?
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Schneider Electric SE (SBGSY - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
Schneider Electric SE is one of 186 companies in the Industrial Products group. The Industrial Products group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Schneider Electric SE is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for SBGSY's full-year earnings has moved 0.9% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, SBGSY has returned 28.9% so far this year. Meanwhile, the Industrial Products sector has returned an average of 20.4% on a year-to-date basis. This means that Schneider Electric SE is performing better than its sector in terms of year-to-date returns.
Another Industrial Products stock, which has outperformed the sector so far this year, is EnerSys (ENS - Free Report) . The stock has returned 38.6% year-to-date.
The consensus estimate for EnerSys' current year EPS has increased 2.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Schneider Electric SE belongs to the Manufacturing - Electronics industry, a group that includes 14 individual companies and currently sits at #79 in the Zacks Industry Rank. On average, stocks in this group have gained 33.7% this year, meaning that SBGSY is slightly underperforming its industry in terms of year-to-date returns. EnerSys is also part of the same industry.
Investors interested in the Industrial Products sector may want to keep a close eye on Schneider Electric SE and EnerSys as they attempt to continue their solid performance.
EnerSys (ENS - Free Report) closed the last trading session at $203.4, gaining 3.5% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $254.4 indicates a 25.1% upside potential.
The mean estimate comprises five short-term price targets with a standard deviation of $25.97. While the lowest estimate of $212.00 indicates a 4.2% increase from the current price level, the most optimistic analyst expects the stock to surge 37.7% to reach $280.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
But, for ENS, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You May Not Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why ENS Could Witness a Solid UpsideAnalysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current year, one estimate has moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 1.5%.
Moreover, ENS currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Therefore, while the consensus price target may not be a reliable indicator of how much ENS could gain, the direction of price movement it implies does appear to be a good guide.
Enersys (NYSE:ENS – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $265.00.
A number of research analysts have commented on ENS shares. BTIG Research reiterated a “buy” rating and issued a $280.00 price objective on shares of Enersys in a research report on Thursday. Weiss Ratings downgraded Enersys from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. TD Cowen upped their price target on Enersys from $220.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Oppenheimer reiterated an “outperform” rating on shares of Enersys in a report on Friday. Finally, Wall Street Zen upgraded Enersys from a “buy” rating to a “strong-buy” rating in a research report on Saturday.
Read Our Latest Report on Enersys
Institutional Investors Weigh In On Enersys Several institutional investors have recently modified their holdings of the business. CIBC Private Wealth Group LLC lifted its holdings in Enersys by 116.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 182 shares of the industrial products company’s stock valued at $27,000 after buying an additional 98 shares during the period. Allworth Financial LP grew its holdings in Enersys by 442.2% during the 3rd quarter. Allworth Financial LP now owns 244 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 199 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Enersys during the 4th quarter worth $30,000. SBI Securities Co. Ltd. raised its position in shares of Enersys by 239.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 214 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 151 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of Enersys during the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 94.93% of the company’s stock.
Key Enersys News Here are the key news stories impacting Enersys this week:
Positive Sentiment: Results exceeded expectations: EnerSys reported fiscal Q1 sales of approximately $935.6 million, up 4.8% year over year, while adjusted diluted EPS rose to $3.66 from $2.23. EPS exceeded the roughly $2.82–$2.83 consensus estimate, and revenue also topped forecasts. Pricing, margin expansion, tax benefits and a tariff refund supported the earnings beat. ENS Q1 Earnings and Sales Beat on Pricing, Margin Expansion Positive Sentiment: Favorable second-quarter outlook: Management projected fiscal Q2 sales of $955 million to $995 million and adjusted EPS of $3.15 to $3.25. The company highlighted demand momentum in data centers, communications, and aerospace and defense, helping offset softer material-handling trends. EnerSys jumps on earnings beat, upbeat Q2 guidance Positive Sentiment: Capital-return and growth initiatives: EnerSys raised its quarterly dividend approximately 9.5% to $0.2875 per share, signaling confidence in cash generation. Management also reported a cash increase and continued progress toward a U.S. lithium-cell facility, supporting the company’s longer-term strategy. EnerSys Earnings Call Highlights Lithium Push, Cash Surge Positive Sentiment: Analyst support: BTIG reaffirmed its Buy rating and maintained a $280 price target, implying substantial potential upside from the reported trading level. BTIG rating reaffirmation Neutral Sentiment: Some of the quarter’s benefit came from tax advantages and a tariff refund, which may not fully recur. Investors will also monitor weaker material-handling demand and execution risks surrounding the lithium-cell expansion. Enersys Trading Up 0.0% Shares of NYSE ENS opened at $203.50 on Friday. Enersys has a 1-year low of $97.03 and a 1-year high of $244.30. The company has a 50-day moving average of $206.31 and a two-hundred day moving average of $197.40. The company has a market cap of $7.42 billion, a PE ratio of 21.79, a P/E/G ratio of 1.10 and a beta of 1.19. The company has a current ratio of 2.80, a quick ratio of 1.83 and a debt-to-equity ratio of 0.51.
Enersys (NYSE:ENS – Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The industrial products company reported $3.66 EPS for the quarter, beating the consensus estimate of $2.83 by $0.83. Enersys had a net margin of 9.29% and a return on equity of 24.02%. The business had revenue of $935.64 million for the quarter, compared to analysts’ expectations of $928.01 million. During the same period in the prior year, the firm earned $2.08 earnings per share. Enersys’s revenue was up 4.8% compared to the same quarter last year. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. As a group, equities analysts expect that Enersys will post 12.29 earnings per share for the current fiscal year.
Enersys Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be paid a $0.2875 dividend. This is a boost from Enersys’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, September 18th. This represents a $1.15 annualized dividend and a dividend yield of 0.6%. Enersys’s payout ratio is 11.24%.
Enersys Company Profile (Get Free Report)
Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.
The company’s product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.
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Key Takeaways EnerSys' fiscal Q1 adjusted EPS surged 64.1% as gross margin expanded 510 basis points.NIS sales rose 9.4% on data-center demand, while PPS gained 23.6% on aerospace and defense strength.EnerSys expects fiscal Q2 sales of $955-$995 million and adjusted EPS of $3.15-$3.25.
EnerSys (ENS - Free Report) reported its first-quarter fiscal 2027 results on Aug .12. Its adjusted earnings came in at $3.66 per share, beating the Zacks Consensus Estimate of $2.82 by 29.8%. The bottom line increased 64.1% year over year, aided by margin expansion, IRC 45X benefits and a $30.9 million tariff refund.
Net sales of $936 million topped the consensus estimate of $923 million by 1.4% and increased 4.8% year over year. Pricing contributed 3%, foreign currency translation added 1% and organic volume rose 1%. Backlog was flat year over year but increased 2% sequentially.
ENS Sales Mix Benefits From NIS and PPS StrengthNetwork & Infrastructure Solutions (NIS) sales rose 9.4% year over year to $428.3 million. Favorable volume and mix reflected strength in power electronics and data-center demand. Volume contributed 5%, price/mix added 4% and currency translation provided a 1% lift.
Precision Power Solutions (PPS) sales surged 23.6% to $100.5 million. Volume advanced 16%, price/mix added 7% and acquisitions contributed 1%. Aerospace and defense demand, particularly counter-drone and missile-defense applications, supported the increase.
EnerSys Faces Continued Industrial Mobility SoftnessIndustrial Mobility Solutions (IMS) sales fell 3.2% year over year to $406.8 million. Volume declined 5% as material-handling demand remained soft, partly offset by recovery in Transportation and improved price/mix.
Adjusted operating earnings for IMS declined 10.5% to $37.7 million, with adjusted operating margin contracting 70 basis points to 9.3%. This contrasted with NIS and PPS, where adjusted operating margins expanded 280 and 300 basis points, respectively.
ENS Margin Gains Drive Stronger ProfitabilityGross profit increased to $313.4 million from $253.2 million, while gross margin expanded 510 basis points to 33.5%. Excluding IRC 45X benefits, gross margin improved 440 basis points to 28.5%.
Adjusted operating earnings advanced 47.2% to $178.8 million, with the margin rising 550 basis points to 19.1%. Excluding 45X benefits and tariff refunds, adjusted operating earnings increased 21% and the related margin improved 140 basis points to 10.8%, highlighting underlying operating leverage.
EnerSys Sees Healthy Orders Despite Market VariabilityFirst-quarter orders increased 7% year over year, driven by NIS, though they declined 9% sequentially on seasonality. The total book-to-bill ratio was 1.06, with NIS at 1.15, IMS at 1.04 and PPS at 0.73.
EnerSys also advanced targeted growth initiatives. Its Fortix 172 kWh battery energy storage system received UL and NFPA 855 approval, while the DataSafe Noir lithium offering launched in June. The company also secured a revised roughly $150 million Department of Energy grant for its planned U.S. lithium cell manufacturing campus.
ENS Cash Generation Improves Financial FlexibilityCash from operating activities totaled $230.2 million, while free cash flow was $217.8 million and free cash flow conversion reached 187%. Cash and cash equivalents stood at $530.7 million at quarter-end, with net debt at $521.5 million and net leverage at 0.8.
The company returned $59.6 million to shareholders, including $50 million through share repurchases and $9.6 million through dividends. The board also raised the quarterly dividend 10% to $0.2875 per share for the second quarter of fiscal 2027.
EnerSys Guides Higher Q2 Sales and EarningsFor the second quarter of fiscal 2027, EnerSys expects net sales of $955-$995 million. At the midpoint, this represents 2% year-over-year growth. IRC 45X benefits to cost of sales are projected at $42-$47 million.
Adjusted earnings are projected at $3.15-$3.25 per share, with adjusted earnings excluding 45X benefits at $1.95-$2.05. The company expects first-half earnings growth to be driven primarily by margin expansion, followed by greater top-line growth later in fiscal 2027 as material handling recovers and strength continues in data centers, communications, aerospace and defense, and transportation.
Zacks Rank and Stocks to ConsiderThe company currently carries a Zacks Rank #4 (Sell). Some better-ranked stocks are discussed below:
Flowserve Corporation (FLS - Free Report) carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Flowserve’s earnings surpassed the consensus estimate in each of the trailing four quarters. The average earnings surprise was 11.2%. In the past 60 days, the Zacks Consensus Estimate for Flowserve’s 2026 bottom line has increased 1%.
Graco (GGG - Free Report) presently carries a Zacks Rank of 2. Graco’s earnings surpassed the consensus estimate in the last reported quarter by 12.4%. In the past 60 days, the Zacks Consensus Estimate for Graco’s 2026 earnings has increased 5.5%.
Helios Technologies (HLIO - Free Report) currently carries a Zacks Rank of 2. Helios Technologies’ earnings topped the consensus estimate in each of the trailing four quarters. The average earnings surprise was 13.1%. In the past 60 days, the Zacks Consensus Estimate for HLIO’s 2026 earnings has increased 6.9%.
3 Battery Stocks to Buy and Hold for the Rest of the DecadeEnerSys NYSE: ENS reported record first-quarter fiscal 2027 results, with sales rising 5% from a year earlier to $936 million as favorable price mix, higher volumes and foreign-currency translation supported growth. The company said its Network & Infrastructure Solutions and Precision Power Solutions businesses performed strongly, while Industrial Mobility Solutions continued to face weaker material-handling demand despite an early recovery in transportation.
President and CEO Shawn O'Connell said the quarter reflected strength in data centers, communications and defense markets, along with operating-expense discipline and stock repurchases supported by cash generation. First-quarter orders rose 7% year over year, while book-to-bill was 1.06 times. Backlog was relatively flat from the prior year and increased 2% sequentially.
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Profitability Boosted by Tariff Refunds and Tax Credits
Chief Financial Officer Andi Funk said the quarter included a $31 million, or $0.63-per-share, one-time benefit from refunds of previously paid IEEPA tariffs. The refunds were not included in the company’s guidance or its operational segment results.
Gross profit increased 24% year over year to $313 million, and gross margin expanded 510 basis points to 33.5%. Excluding the tariff refunds, gross profit rose 12% and gross margin improved 180 basis points. The company also received $9 million in expanded 45X manufacturing tax-credit benefits, largely related to moving production from its Monterrey, Mexico, plant to its Richmond, Kentucky, facility.
Adjusted operating earnings rose 47% from the prior-year period, while adjusted EBITDA increased 50% and adjusted diluted earnings per share climbed 65%. Excluding tariff refunds, adjusted operating earnings increased 22% with 45X benefits and 21% without them, according to the company.
EnerSys also changed its adjusted-metric presentation beginning this quarter to exclude non-cash stock-based compensation expense from adjusted operating earnings, adjusted EBITDA and adjusted diluted EPS. Prior-year figures were recast for comparability.
Segment Results Highlight Data Centers and Defense
Network & Infrastructure Solutions: Revenue increased 9% to $428 million, while adjusted operating earnings rose 50% to $45 million. Adjusted operating margin improved 280 basis points to 10.5%. The company cited demand for power electronics, data-center products and service offerings.
Industrial Mobility Solutions: Revenue declined 3% to $407 million, and adjusted operating earnings fell 11% to $38 million. The segment’s 9.3% adjusted operating margin was down 70 basis points, as lower material-handling volumes offset price mix and cost improvements.
Precision Power Solutions: Revenue grew 24% to $101 million, with adjusted operating earnings increasing 48% to $18 million. Adjusted operating margin rose 280 basis points to 18.2%, driven by aerospace and defense demand, particularly for counter-drone and missile-defense applications.
O'Connell said data-center revenue grew in the low teens during the quarter, while data-center orders increased more than 80% from a year earlier. Funk noted that such orders can extend 12 to 36 months, providing visibility into demand for the company’s lead-based offerings.
The company expects its recently launched DataSafe Noir lithium offering for data centers to begin contributing meaningfully to revenue in fiscal 2028. O'Connell said the product has generated customer interest due to its energy density, cost competitiveness and the ability to pair it with EnerSys’ service network.
In Industrial Mobility, management said transportation orders nearly doubled year over year in the first quarter, while material-handling orders declined by a high-single-digit percentage. EnerSys expects material-handling demand to improve later in fiscal 2027 and said it plans to begin recognizing revenue from its next-generation lithium offering in the second half.
DOE-Supported Lithium Plant Planned in South Carolina
EnerSys finalized a U.S. Department of Energy grant for a planned lithium-cell manufacturing facility in Greenville, South Carolina. The facility will focus on defense applications and serve as a Lithium and Advanced Technologies Center of Excellence.
The plant is expected to have initial annual production capacity of approximately 1 gigawatt-hour and will manufacture high-energy-density cells for manned platforms, soldier power, space and autonomous systems. O'Connell said the facility is designed for specialized defense applications requiring smaller-format cells, specialized equipment and security protocols rather than broad commercial lithium production.
The revised DOE grant will provide approximately $150 million toward the project’s estimated $650 million cost. EnerSys expects its approximately $500 million net investment to be funded entirely through operating cash flow. The company also cited an approximately $200 million state and local incentive package from South Carolina and Greenville County.
Construction is planned to begin in the first half of fiscal 2028, with full production expected about three years after construction begins. Management expects the investment to generate an internal return in the mid-20% range.
Cash Flow, Capital Returns and Outlook
Operating cash flow was $230 million and capital expenditures totaled $12 million, producing $218 million in free cash flow compared with negative $32 million a year earlier. The result was aided by a $115 million U.S. federal tax refund and tariff-refund receipts. As of July 5, EnerSys held $531 million in cash and cash equivalents, while net debt totaled $522 million.
During the quarter, the company repurchased 219,000 shares for $50 million at an average price of about $229 per share. It had nearly $900 million remaining under its repurchase authorization. The board also increased the quarterly dividend 10% to $0.2875 per share for the second quarter of fiscal 2027.
For the fiscal second quarter, EnerSys forecast net sales of $955 million to $995 million and adjusted diluted EPS of $3.15 to $3.25, including $42 million to $47 million of 45X benefits to cost of sales. Excluding 45X benefits, it expects adjusted diluted EPS of $1.95 to $2.05, representing growth of about 25% at the midpoint from the prior-year period.
About Enersys (NYSE:ENS)Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.
The company's product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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EnerSys (ENS - Free Report) came out with quarterly earnings of $3.66 per share, beating the Zacks Consensus Estimate of $2.82 per share. This compares to earnings of $2.08 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +29.79%. A quarter ago, it was expected that this maker of industrial batteries would post earnings of $3 per share when it actually produced earnings of $3.19, delivering a surprise of +6.33%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
EnerSys, which belongs to the Zacks Manufacturing - Electronics industry, posted revenues of $935.6 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.39%. This compares to year-ago revenues of $893 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
EnerSys shares have added about 26.9% since the beginning of the year versus the S&P 500's gain of 12.9%.
What's Next for EnerSys?While EnerSys has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for EnerSys was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.96 on $972.84 million in revenues for the coming quarter and $12.10 on $3.89 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - Electronics is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Industrial Products sector, ClearSign Technologies (CLIR - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 19.
This combustion systems technology company is expected to post quarterly loss of $0.25 per share in its upcoming report, which represents a year-over-year change of +16.7%. The consensus EPS estimate for the quarter has been revised 6.8% higher over the last 30 days to the current level.
ClearSign Technologies' revenues are expected to be $0.61 million, up 369.2% from the year-ago quarter.
READING, Pa.--(BUSINESS WIRE)--EnerSys (NYSE: ENS), a global leader in stored energy solutions for industrial, infrastructure, and defense applications, announced today results for its first quarter fiscal 2027, which ended on July 5, 2026.
“In the first quarter of fiscal year 2027, we delivered top line growth aligned with our long-term value creation framework,” said Shawn O'Connell, President and Chief Executive Officer of EnerSys. “Adjusted diluted EPS excluding IRC 45X increased 92% year-over-year, or 42% year-over-year excluding a one-time benefit from tariff refunds, demonstrating the effective combination of our diversified business and EnerGize strategic framework.
“Momentum across data centers, communications, and aerospace & defense is generating strong sales growth and margin expansion, offsetting the delayed recovery of material handling demand, and enabling another record first quarter result. We continue to advance on the commercialization of our next-generation products, progress on our planned lithium cell facility, and expand our services capabilities to accelerate our growth.
“As we communicated in our Investor Day in June, our strategic priorities are well defined. We are focused on our core markets where we have a right to win, we are applying our differentiated energy storage solutions to address the critical customer challenges of energy security and labor scarcity, and we are executing as a well-aligned organization to drive profitable growth and long-term shareholder value,” O’Connell concluded.
Key Financial Results and Metrics
First quarter ended
In millions, except per share amounts
July 5, 2026
June 29, 2025
Change
Net Sales
$
935.6
$
893.0
4.8
%
Diluted EPS (GAAP)
$
3.09
$
1.46
$
1.63
Adjusted Diluted EPS (Non-GAAP)(1)
$
3.66
$
2.23
$
1.43
Gross Profit (GAAP)
$
313.4
$
253.2
$
60.2
Operating Earnings (GAAP)
$
151.4
$
86.5
$
64.9
Adjusted Operating Earnings (Non-GAAP)(2)
$
178.8
$
121.5
$
57.3
Net Earnings (GAAP)
$
116.5
$
57.5
$
59.0
EBITDA (Non-GAAP)(3)
$
176.1
$
103.9
$
72.2
Adjusted EBITDA (Non-GAAP)(3)
$
195.8
$
130.5
$
65.3
Share Repurchases
$
50.0
$
150.0
$
(100.0
)
Dividend per share
$
0.263
$
0.240
$
0.023
Total Capital Returned to Stockholders
$
59.6
$
159.1
$
(99.5
)
(a) Net leverage ratio is a non-GAAP financial measure as defined pursuant to our credit agreement and discussed under Reconciliations of GAAP to Non-GAAP Financial Measures.
(1) GM (Gross Margin) excluding IRC 45X , Adjusted Diluted EPS and Adjusted Diluted EPS excluding IRC 45X benefit are non-GAAP financial measures and discussed under Reconciliations of GAAP to Non-GAAP Financial Measures. (2) Operating Earnings are adjusted for charges that the Company incurs as a result of restructuring and exit activities, impairment of goodwill and indefinite-lived intangibles and other assets, acquisition activities and those charges and credits that are not directly related to operating unit performance. A reconciliation of operating earnings to Non-GAAP Adjusted Earnings are provided in tables under the section titled Business Segment Operating Results.
(3) Non-GAAP EBITDA is calculated as net earnings adjusted for depreciation, amortization, interest and income taxes. Non-GAAP Adjusted EBITDA is further adjusted for certain charges such as restructuring and exit activities, impairment of goodwill and indefinite-lived intangibles and other assets, acquisition activities and other charges and credits as discussed under Reconciliations of GAAP to Non-GAAP Financial Measures.
Summary of Results
First Quarter Fiscal 2027
Net sales for the first quarter of fiscal 2027 were $935.6 million, an increase of 4.8% from the prior year first quarter net sales of $893.0 million, and in line with the first quarter of fiscal 2027 guidance range of $915 million to $955 million given by the Company on May 20, 2026. The increase compared to prior year's quarter was the result of a 3% increase in pricing, a 1% increase in foreign currency translation, and a 1% increase in organic volume.
Net earnings attributable to EnerSys stockholders (“Net earnings”) for the first quarter of fiscal 2027 was $116.5 million, or $3.09 per diluted share, which included an unfavorable highlighted net of tax impact of $21.2 million, or $0.57 per diluted share, from highlighted items described in further detail in the tables shown below, reconciling non-GAAP adjusted financial measures to reported amounts.
Net earnings for the first quarter of fiscal 2026 were $57.5 million, or $1.46 per diluted share, which included an unfavorable highlighted net of tax impact of $30.1 million, or $0.77 per diluted share, from highlighted items described in further detail in the tables shown below, reconciling non-GAAP adjusted financial measures to reported amounts.
Excluding these highlighted items, adjusted diluted EPS for the first quarter of fiscal 2027, on a non-GAAP basis, were $3.66, an increase of 64% from the prior year first quarter adjusted diluted EPS of $2.23, and above the first quarter of fiscal 2027 guidance range of $2.80 to $2.90 per diluted share given by the Company on May 20, 2026 that did not include adjustments for stock-based compensation representing a net of tax impact of $6.2 million, or $0.16 per diluted share. Please refer to the section included herein under the heading “Reconciliations of GAAP to Non-GAAP Financial Measures” for a discussion of the Company’s use of non-GAAP adjusted financial information, which includes tables reconciling GAAP and non-GAAP adjusted financial measures for the quarters ended July 5, 2026 and June 29, 2025.
Quarterly Dividend
The Company announced today that its Board of Directors has raised its quarterly cash dividend for the fourth consecutive year, with an increase of 10% to $0.2875 per share of common stock. The dividend is payable on October 2, 2026, to holders of record as of September 18, 2026.
Balance Sheet and Cash Flow
As of July 5, 2026, cash and cash equivalents were $530.7 million and net debt as defined by our credit facility was $521.5 million. The net leverage ratio at the end of the first quarter was 0.8 X, down from 1.6 X in the prior year period due to the impact of lower debt, increased earnings, and receipt of our U.S. federal tax refund. Capital expenditures during the first quarter were $12.4 million, down from $33.0 million in the prior year period. During the first quarter, cash from operating activities was $230.2 million, up from $1.0 million in the prior year period. Free cash flow, a non-GAAP financial measure, was an inflow of $217.8 million, as compared to an outflow of $32.1 million in the prior year period. The increase in cash from operating activities and the increase in free cash flow were both bolstered by the receipt of our U.S. federal tax refund mentioned earlier as well as increased earnings. Please refer to the section included herein under the heading “Reconciliations of GAAP to Non-GAAP Financial Measures” for a discussion of the Company’s use of non-GAAP adjusted financial information, which includes tables reconciling GAAP and non-GAAP adjusted financial measures for the quarters ended July 5, 2026 and June 29, 2025.
The Company also returned approximately $59.6 million to shareholders through $50.0 million in share repurchases and $9.6 million through its quarterly dividend payment in the first quarter.
Second Quarter and Fiscal Year 2027 Outlook
In the second quarter of fiscal 2027, EnerSys expects:
Net sales: $955M to $995M IRC 45X benefits to cost of sales: $42M to $47M Adjusted diluted EPS: $3.15 to $3.25* Adjusted diluted EPS, ex IRC 45X benefits: $1.95 to $2.05 For the full year fiscal 2027, EnerSys expects:
Capital expenditures ~$70M “We are pleased with the strong start to fiscal 2027 and the continued progress we are making to expand margins and strengthen the earnings power of the business,” said Andrea Funk, EnerSys Chief Financial Officer. “The quarter benefited from improved volumes and favorable price/mix in our NIS and PPS segments, more than offsetting IMS softness from the prolonged material handling market recovery. We also delivered exceptional free cash flow conversion of 187%. Excluding the benefit of the tariff refund in the quarter and normalizing for stock compensation accounting changes, the underlying performance demonstrates a record first quarter and that our actions are delivering meaningful results.”
“Our second quarter outlook reflects continued strength across Data Centers, Communications, and Aerospace and Defense, as well as early recovery in Transportation. For the second quarter, we expect net sales of $955 million to $995 million and adjusted diluted EPS excluding 45X benefits of $1.95 to $2.05. Consistent with expectations we laid out at our Investor Day in June, we expect to see our earnings growth to be primarily driven from margin expansion in the first half of this fiscal year, with a shift to higher topline growth towards the end of FY’27, supported by a recovery in material handling and continued momentum across our other key end markets. We remain confident in our ability to generate strong cash flow, invest in growth, and return capital to shareholders,” concluded Funk.
*Inclusive of IRC 45X Advanced Manufacturing Production Credits.
Please refer to the section included herein under the heading “Reconciliations of GAAP to Non-GAAP Financial Measures” for a discussion of the Company’s use of non-GAAP adjusted financial information.
Conference Call and Webcast Details
The Company will host a conference call to discuss its first quarter results at 9:00 AM (ET) Thursday, August 13, 2026. A live broadcast as well as a replay of the call can be accessed via this webcast registration link or the Investor Relations section of the company’s website at https://investor.enersys.com.
If you cannot join via webcast, please reach out to [email protected] for dial-in details.
About EnerSys
EnerSys is a global leader in stored energy solutions helping industrial, infrastructure and defense customers address critical power and operational needs with batteries, chargers and other power equipment. The company delivers integrated solutions that combine energy storage technologies, power electronics, software-enabled intelligence, technical expertise and comprehensive global customer support. EnerSys supports customers across communications networks, data centers, energy infrastructure, material handling, transportation, aerospace and defense — including applications where power continuity is essential. Serving customers in more than 100 countries, EnerSys helps organizations manage energy more reliably, efficiently and intelligently in complex operating environments where uptime, safety and resilience matter. For more information, visit www.enersys.com.
Caution Concerning Forward-Looking Statements
This press release, and oral statements made regarding the subjects of this release, contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, or the Reform Act, which may include, but are not limited to, statements regarding EnerSys’ earnings estimates, intention to pay quarterly cash dividends, return capital to stockholders, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts, including statements identified by words such as “believe,” “plan,” “seek,” “expect,” “intend,” “estimate,” “anticipate,” “will,” and similar expressions. All statements addressing operating performance, events, or developments that EnerSys expects or anticipates will occur in the future, including statements relating to sales growth, earnings or earnings per share growth, order intake, backlog, payment of future cash dividends, commodity prices, execution of its stock buyback program, judicial or regulatory proceedings, ability to identify and realize benefits in connection with acquisition and disposition opportunities, and market share, as well as statements expressing optimism or pessimism about future operating results or benefits from its cash dividend, its stock buyback programs, application of Section 45X of the Internal Revenue Code, funding, development and construction of the Company's gigafactory in Greenville, South Carolina, adverse developments with respect to the economic conditions in the U.S. in the markets in which we operate and other uncertainties, including the impact of supply chain disruptions, interest rate changes, inflationary pressures, geopolitical and other developments and labor shortages on the economic recovery and our business and changes in law, regulation or policy that may affect our business, including trade policy and tariffs, and other government priorities or budgets are forward-looking statements within the meaning of the Reform Act. The forward-looking statements are based on management's current views and assumptions regarding future events and operating performance, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies and changes in circumstances, many of which are beyond the Company’s control. The statements in this press release are made as of the date of this press release, even if subsequently made available by EnerSys on its website or otherwise. EnerSys does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.
Although EnerSys does not make forward-looking statements unless it believes it has a reasonable basis for doing so, EnerSys cannot guarantee their accuracy. The foregoing factors, among others, could cause actual results to differ materially from those described in these forward-looking statements. For a list of other factors which could affect EnerSys’ results, including earnings estimates, see EnerSys’ filings with the Securities and Exchange Commission, including “Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations,” and “Forward-Looking Statements,” set forth in EnerSys’ Annual Report on Form 10-K for the fiscal year ended March 31, 2026. No undue reliance should be placed on any forward-looking statements.
EnerSys
Consolidated Condensed Statements of Income (Unaudited)
(In millions, except share and per share data)
Quarter ended
July 5, 2026
June 29, 2025
Net sales
$
935.6
$
893.0
Gross profit
313.4
$
253.2
Operating expenses
151.3
$
160.8
Restructuring and other exit charges
10.7
$
5.9
Operating earnings
151.4
$
86.5
Earnings before income taxes
135.0
$
65.7
Income tax expense
18.5
$
8.2
Net earnings attributable to EnerSys stockholders
$
116.5
$
57.5
Net reported earnings per common share attributable to EnerSys stockholders:
Basic
$
3.19
$
1.48
Diluted
$
3.09
$
1.46
Dividends per common share
$
0.2625
$
0.2400
Weighted-average number of common shares used in reported earnings per share calculations:
Basic
36,467,526
38,798,263
Diluted
37,626,671
39,295,773
EnerSys
Consolidated Condensed Balance Sheets (Unaudited)
(In Thousands, Except Share and Per Share Data)
July 5, 2026
March 31, 2026
Assets
Current assets:
Cash and cash equivalents
$
530,663
$
438,675
Accounts receivable, net of allowance for doubtful accounts: July 5, 2026 - $10,522; March 31, 2026 - $8,583
454,811
506,072
Inventories, net
738,654
724,690
Prepaid and other current assets
405,918
472,373
Total current assets
2,130,046
2,141,810
Property, plant, and equipment, net
572,407
593,002
Goodwill
748,214
752,424
Other intangible assets, net
334,236
342,898
Deferred taxes
68,413
69,008
Other assets
103,619
104,182
Total assets
$
3,956,935
$
4,003,324
Liabilities and Equity
Current liabilities:
Short-term debt
$
28,667
$
29,201
Accounts payable
335,158
354,190
Accrued expenses
398,148
420,647
Total current liabilities
761,973
804,038
Long-term debt, net of unamortized debt issuance costs
1,010,265
1,079,782
Deferred taxes
13,897
13,909
Other liabilities
197,253
196,723
Total liabilities
1,983,388
2,094,452
Commitments and contingencies
Equity:
Preferred Stock, $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding at July 5, 2026 and at March 31, 2026
—
—
Common Stock, $0.01 par value per share, 135,000,000 shares authorized, 57,616,359 shares issued and 36,310,450 shares outstanding at July 5, 2026; 57,551,440 shares issued and 36,462,211 shares outstanding at March 31, 2026
576
576
Additional paid-in capital
748,541
734,922
Treasury stock at cost, 21,305,909 shares held as of July 5, 2026 and 21,089,229 shares held as of March 31, 2026
(1,411,797
)
(1,361,585
)
Retained earnings
2,850,285
2,743,635
Accumulated other comprehensive loss
(217,705
)
(212,264
)
Total EnerSys stockholders’ equity
1,969,900
1,905,284
Nonredeemable noncontrolling interests
3,647
3,588
Total equity
1,973,547
1,908,872
Total liabilities and equity
$
3,956,935
$
4,003,324
EnerSys
Consolidated Condensed Statements of Cash Flows (Unaudited)
(In Thousands)
Quarter ended
July 5, 2026
June 29, 2025
Cash flows from operating activities
Net earnings
$
116,450
$
57,458
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization
30,495
26,894
Write-off of assets relating to exit activities
5,748
(626
)
Derivatives not designated in hedging relationships:
Net losses (gains)
404
(354
)
Cash (settlements) proceeds
1,052
2,536
Provision for doubtful accounts
2,292
(203
)
Deferred income taxes
(431
)
(42
)
Non-cash interest expense
483
479
Stock-based compensation
7,778
17,601
Loss (gain) on disposal of property, plant, and equipment
1,196
34
Changes in assets and liabilities:
Accounts receivable
48,220
50,218
Inventories
(14,483
)
(33,490
)
Prepaid and other current assets
88,947
(38,867
)
Other assets
342
179
Accounts payable
(22,515
)
(43,049
)
Accrued expenses
(37,984
)
(38,448
)
Other liabilities
2,167
648
Net cash provided by (used in) operating activities
230,161
968
Cash flows from investing activities
Capital expenditures
(12,422
)
(33,019
)
Purchase of business
—
(12,558
)
Proceeds from disposal of property, plant, and equipment
80
4,163
Net cash (used in) provided by investing activities
(12,342
)
(41,414
)
Cash flows from financing activities
Net (repayments) borrowings on short-term debt
8
(209
)
Proceeds from Second Amended Revolver borrowings
120,000
231,700
Repayments of Second Amended Revolver borrowings
(190,000
)
(46,700
)
Options proceeds, net
5,859
Purchase of treasury stock
(49,958
)
(150,034
)
Dividends paid to stockholders
(9,555
)
(9,107
)
Other
(139
)
314
Net cash provided by (used in) financing activities
(123,785
)
25,964
Effect of exchange rate changes on cash and cash equivalents
(2,046
)
18,013
Net increase (decrease) in cash and cash equivalents
91,988
3,531
Cash and cash equivalents at beginning of period
438,675
343,131
Cash and cash equivalents at end of period
$
530,663
$
346,662
Reconciliations of GAAP to Non-GAAP Financial Measures
This press release contains financial information determined by methods other than in accordance with U.S. Generally Accepted Accounting Principles, ("GAAP"). EnerSys' management uses the non-GAAP measures “adjusted Net earnings”, “adjusted diluted EPS”, "reported Net earnings excluding (ex) IRC 45X benefit", "adjusted Net earnings excluding (ex) IRC 45X benefit", "reported Net earnings (loss) per share excluding (ex) IRC 45X benefit", " adjusted diluted EPS excluding (ex) IRC 45X benefit", "GM excluding (ex) 45X", "adjusted operating earnings", "adjusted gross profit", "adjusted gross margin", "EBITDA", “adjusted EBITDA”, "adjusted EBITDA per credit agreement", "net debt", "net leverage ratio", "free cash flow", and "adjusted free cash flow conversion" as applicable, in their analysis of the Company's performance. Adjusted Net earnings, adjusted gross profit, adjusted gross margin, and adjusted operating earnings measures, as used by EnerSys in past quarters and years, adjusts Net earnings, gross profit, gross margin, and operating earnings determined in accordance with GAAP to reflect changes in financial results associated with the Company's restructuring initiatives and other highlighted charges and income items. Reported Net earnings excluding (ex) IRC 45X benefit, adjusted Net earnings excluding (ex) IRC 45X benefit, reported Net earnings (loss) per share excluding (ex) IRC 45X benefit, adjusted diluted EPS excluding (ex) IRC 45X benefit, and GM excluding (ex) IRC 45X benefit as used by EnerSys in past quarters and years, adjusted Net earnings, adjusted Net earnings, Net earnings (loss) per share, adjusted diluted EPS, and gross margin to reflect the financial impact of IRC 45X. Adjusted EBITDA is a key performance measure that our management uses to assess our operating performance. Because adjusted EBITDA facilitates internal comparisons of our historical operating performance on a more consistent basis, we use this measure as an overall assessment of our performance, to evaluate the effectiveness of our business strategies and for business planning purposes. We calculate adjusted EBITDA as net income before interest income, interest expense, other (income) expense net, provision (benefit) for income taxes, depreciation and amortization, further adjusted to exclude restructuring and exit activities, impairment of goodwill, indefinite-lived intangibles and other assets, stock-based compensation, acquisition activities and those charges and credits that are not directly related to operating unit performance. EBITDA is calculated as net income before interest income, interest expense, other (income) expense net, provision (benefit) for income taxes, depreciation and amortization. We define adjusted EBITDA per credit agreement as net earnings determined in accordance with GAAP for interest, taxes, depreciation and amortization, and certain charges or credits as permitted by our credit agreements, that were recorded during the periods presented. We define non-GAAP net debt as total debt, finance lease obligations and letters of credit, net of all cash and cash equivalents, as defined in the Fourth Amended Credit Facility on the balance sheet as of the end of the most recent fiscal quarter. We define non-GAAP net leverage ratio as non-GAAP net debt divided by last twelve months adjusted EBITDA per credit agreement. We define free cash flow as net cash provided by or used in operating activities less capital expenditures. We define adjusted free cash flow conversion as free cash flow divided by adjusted net earnings. Free cash flow and adjusted free cash flow conversion are used by investors, financial analysts, rating agencies and management to help evaluate the Company’s ability to generate cash to pursue incremental opportunities aimed toward enhancing shareholder value. Management believes the presentation of these financial measures reflecting these non-GAAP adjustments provides important supplemental information in evaluating the operating results of the Company as distinct from results that include items that are not indicative of ongoing operating results and overall business performance; in particular, those charges that the Company incurs as a result of restructuring activities, impairment of goodwill and indefinite-lived intangibles and other assets, acquisition activities and those charges and credits that are not directly related to operating unit performance, such as significant legal proceedings, amortization of intangible assets, tax valuation allowance changes, withholding tax from repatriation of prior period earnings, and impacts of changes or reform to income tax laws. Because these charges are not incurred as a result of ongoing operations, or are incurred as a result of a potential or previous acquisition, they are not as helpful a measure of the performance of our underlying business, particularly in light of their unpredictable nature and are difficult to forecast. Although we exclude the amortization of purchased intangibles from these non-GAAP measures, management believes that it is important for investors to understand that such intangible assets were recorded as part of purchase accounting and contribute to revenue generation.
Income tax effects of non-GAAP adjustments are calculated using the applicable statutory tax rate for the jurisdictions in which the charges (benefits) are incurred, while taking into consideration any valuation allowances. For those items which are non-taxable, the tax expense (benefit) is calculated at 0%.
EnerSys does not provide a quantitative reconciliation of the Company’s projected range for adjusted diluted EPS and adjusted diluted EPS excluding (ex) IRC 45X benefit for the second quarter of fiscal 2027 to diluted earnings per share, which is the most directly comparable GAAP measure, in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. EnerSys' adjusted diluted EPS and adjusted diluted EPS ex IRC 45X benefit guidance for the second quarter of fiscal 2027 excludes certain items, including but not limited to certain non-cash, large and/or unpredictable charges and benefits, charges from restructuring and exit activities, impairment of goodwill and indefinite-lived intangibles, stock-based compensation, acquisition and disposition activities, legal judgments, settlements, or other matters, and tax positions, that are inherently uncertain and difficult to predict, can be dependent on future events that are less capable of being controlled or reliably predicted by management and are not part of the Company's routine operating activities can be dependent on future events that are less capable of being controlled or reliably predicted by management and are not part of the Company's routine operating activities. Due to the uncertainty of the occurrence or timing of these future excluded items, management cannot accurately forecast many of these items for internal use and therefore cannot create a quantitative adjusted diluted EPS and adjusted diluted EPS excluding (ex) IRC 45X benefit for the first quarter of fiscal 2027 to diluted earnings per share reconciliation without unreasonable efforts.
These non-GAAP disclosures have limitations as an analytical tool, should not be viewed as a substitute for operating earnings, Net earnings or net income determined in accordance with GAAP, and should not be considered in isolation or as a substitute for analysis of the Company's results as reported under GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Management believes that this non-GAAP supplemental information will be helpful in understanding the Company's ongoing operating results. This supplemental presentation should not be construed as an inference that the Company's future results will be unaffected by similar adjustments to Net earnings determined in accordance with GAAP.
A reconciliation of non-GAAP adjusted operating earnings is set forth in the table below, providing a reconciliation of non-GAAP adjusted operating earnings to the Company’s reported operating results for its business segments. Corporate and other includes amounts managed on a company-wide basis and not directly allocated to any reportable segments, primarily relating to IRC 45X Advanced Manufacturing Production Credits. Also, included are start up costs for exploration of a new lithium plant. Beginning in the current fiscal year, the Company excludes all stock-based compensation expense from adjusted operating earnings. Prior-period adjusted measures have been recast to conform to the current-period presentation.
Business Segment Operating Results
Quarter ended
($ millions)
July 5, 2026
Network & Infrastructure Solutions
Industrial Mobility Solutions
Precision Power Solutions
Corporate and other unallocated
Total
Net Sales
$
428.3
$
406.8
$
100.5
$
—
$
935.6
Operating Earnings
30.2
29.0
14.4
77.8
$
151.4
Restructuring and other exit charges
6.2
4.5
—
—
10.7
Amortization of intangible assets
5.8
0.4
2.1
—
8.3
Stock based compensation
2.8
3.8
1.2
—
7.8
Other
—
—
0.6
—
0.6
Adjusted Operating Earnings
$
45.0
$
37.7
$
18.3
$
77.8
$
178.8
Operating Margin
7.0
%
7.1
%
14.3
%
NM
16.2
%
Adjusted Operating Margin
10.5
%
9.3
%
18.2
%
NM
19.1
%
Quarter ended
($ millions)
June 29, 2025
Network & Infrastructure Solutions
Industrial Mobility Solutions
Precision Power Solutions
Corporate and other unallocated
Total
Net Sales
$
391.4
$
420.4
$
81.2
$
—
$
893.0
Operating Earnings
14.0
27.4
8.0
37.1
$
86.5
Restructuring and other exit charges
1.1
4.8
—
—
5.9
Stock based compensation
8.0
8.7
0.9
—
17.6
Amortization of intangible assets
5.9
0.4
2.1
—
8.4
Other
0.9
0.8
1.4
—
3.1
Adjusted Operating Earnings
$
29.9
$
42.1
$
12.4
$
37.1
$
121.5
Operating Margin
3.6
%
6.5
%
9.8
%
NM
9.7
%
Adjusted Operating Margin
7.7
%
10.0
%
15.2
%
NM
13.6
%
Increase (Decrease) as a % from prior year quarter
Network & Infrastructure Solutions
Industrial Mobility Solutions
Precision Power Solutions
Corporate and other unallocated
Total
Net Sales
9.4
%
(3.2
)%
23.6
%
NM
4.8
%
Operating Earnings
NM
6.1
80.5
NM
75.1
Adjusted Operating Earnings
50.4
(10.5
)
47.7
NM
47.2
NM = Not Meaningful
Reconciliations of GAAP to Non-GAAP Financial Measures
(Unaudited)
The table below presents a reconciliation of Net Earnings to EBITDA and Adjusted EBITDA. Beginning in the current fiscal year, the Company excludes all stock-based compensation expense from Adjusted EBITDA. Prior-period adjusted measures have been recast to conform to the current-period presentation.:
Quarter ended
($ millions)
July 5, 2026
June 29, 2025
Net Earnings
116.5
$
57.5
Depreciation
22.2
18.5
Amortization
8.3
8.4
Interest
10.6
11.3
Income Taxes
18.5
8.2
EBITDA
176.1
103.9
Non-GAAP adjustments
19.7
26.6
Adjusted EBITDA
$
195.8
$
130.5
The following table provides the non-GAAP adjustments shown in the reconciliation above:
Quarter ended
($ millions)
July 5, 2026
June 29, 2025
Restructuring and other exit charges
10.7
5.9
Stock based compensation
7.8
17.6
Other
1.2
3.1
Non-GAAP adjustments
$
19.7
$
26.6
The table below presents a reconciliation of Gross Profit and Gross Margin to Gross Profit excluding (ex) IRC 45X and Gross Margin excluding (ex) IRC 45X:
Quarter ended
($ millions)
July 5, 2026
June 29, 2025
Gross Profit
$
313.4
$
253.2
IRC 45X Benefit
47.2
38.1
Gross Profit ex 45X
266.2
215.1
Gross Margin
33.5
%
28.4
%
IRC 45X Benefit
5.0
%
4.3
%
Gross Margin ex 45X
28.5
%
24.1
%
The table below presents a reconciliation of Operating Cash Flow to Free Cash Flow and Free Cash Flow Conversion percentages:
Quarter ended
($ millions)
July 5, 2026
June 29, 2025
Net cash provided by (used in) operating activities
$
230.2
$
1.0
Less Capital Expenditures
(12.4
)
(33.0
)
Free Cash Flow
217.8
(32.1
)
Quarter ended
($ millions)
July 5, 2026
June 29, 2025
Net cash provided by (used in) operating activities
$
230.2
$
1.0
Net earnings
116.5
57.5
Operating cash flow conversion %
197.6
%
1.7
%
Free Cash Flow
217.8
(32.1
)
Net earnings
116.5
57.5
Free cash flow conversion %
187.0
%
(55.8
)%
The following table provides a reconciliation of Net earnings to EBITDA (non-GAAP) and adjusted EBITDA (non-GAAP) per credit agreement for July 5, 2026 and June 29, 2025 to calculate our net leverage ratio, in connection with the Fourth Amended Credit Facility:
Last twelve months
July 5, 2026
June 29, 2025
(in millions, except ratios)
Net earnings as reported
$
352.5
$
351.1
Add back:
Depreciation and amortization
117.2
$
104.2
Interest expense
47.6
$
49.5
Income tax expense
66.4
43.8
EBITDA (non-GAAP)
$
583.7
$
548.6
Adjustments per credit agreement definitions(1)
87.9
67.4
Adjusted EBITDA (non-GAAP) per credit agreement(1)
$
671.6
616.0
Total net debt(2)
$
521.5
963.7
Leverage ratios:
Total net debt/credit adjusted EBITDA ratio
0.8 X
1.6 X
Included below is a reconciliation of historical non-GAAP adjusted Net earnings to reported amounts. Non-GAAP adjusted operating earnings and historical Net earnings are calculated excluding restructuring and other highlighted charges and credits. Beginning in the current fiscal year, the Company excludes all stock-based compensation expense and related tax effects from adjusted net earnings. Prior-period adjusted measures have been recast to conform to the current-period presentation. The following tables provide additional information regarding certain non-GAAP measures:
Quarter ended
(in millions, except share and per share amounts)
July 5, 2026
June 29, 2025
Net earnings reconciliation
As reported Net Earnings
$
116.5
$
57.5
Non-GAAP adjustments:
Restructuring and other exit charges
10.7
(2)
5.9
(1)
Amortization of identified intangible assets
8.3
(3)
8.4
(2)
Stock based compensation
7.8
(5)
17.6
(3)
Other
0.6
(6)
3.1
(4)
Other income tax expense items
0.6
—
Income tax effect of above non-GAAP adjustments
(6.7)
(4.9)
Non-GAAP adjusted Net earnings
$
137.7
$
87.6
Net Earnings excluding (ex) IRC 45X benefit
As Reported Net Earnings
$
116.5
$
57.5
IRC 45X Benefit
47.2
38.1
Reported Net Earnings excluding (ex) IRC 45X benefit
$
69.3
$
19.4
Non-GAAP adjusted Net Earnings excluding (ex) IRC 45X benefit
Non-GAAP Adjusted Net Earnings
$
137.7
$
87.6
IRC 45X Benefit
47.2
38.1
Non-GAAP adjusted Net Earnings excluding (ex) IRC 45X benefit
$
90.5
$
49.5
Outstanding shares used in per share calculations
Basic
36,467,526
38,798,263
Diluted
37,626,671
39,295,773
Reported Net earnings (Loss) per share:
Basic
$
3.19
$
1.48
Diluted
$
3.09
$
1.46
Dividends per common share
$
0.2625
$
0.24
Non-GAAP adjusted Net earnings per share:
Basic
$
3.78
$
2.26
Diluted
$
3.66
$
2.23
Reported Net Earnings (Loss) per share excluding (ex) IRC 45X benefit
Basic
$
1.90
$
0.50
Diluted
$
1.84
$
0.49
Non-GAAP adjusted Net Earnings (Loss) per share excluding (ex) IRC 45X benefit
Basic
$
2.48
$
1.28
Diluted
$
2.41
$
1.26
The following table provides the line of business allocation of the non-GAAP adjustments of items relating operating earnings (that are allocated to lines of business) shown in the reconciliation above:
Quarter ended
($ millions)
July 5, 2026
June 29, 2025
Pre-tax
Pre-tax
(1) Restructuring and other exit charges - Network & Infrastructure Solutions
6.2
1.1
(1) Restructuring and other exit charges - Industrial Mobility Solutions
READING, Pa.--(BUSINESS WIRE)--EnerSys (NYSE: ENS), a global leader in stored energy solutions for industrial, infrastructure, and defense applications announced today that its Board of Directors has approved an increase to its quarterly cash dividend of 10% to $0.2875 per share of common stock payable on October 2, 2026, to holders of record as of September 18, 2026.
“Our decision to increase the dividend reflects our confidence in EnerSys’ earnings growth, strong cash flow generation, and long-term value creation framework,” said Shawn O’Connell, EnerSys President and Chief Executive Officer. “We remain committed to a disciplined capital allocation strategy that balances organic and inorganic investment in the business with consistent returns to shareholders, including a competitive dividend that grows with earnings, excluding 45X benefits, and share repurchases under our authorization, which has approximately $900 million remaining as of the end of the first quarter.”
About EnerSys
EnerSys is a global leader in stored energy solutions helping industrial, infrastructure and defense customers address critical power and operational needs with batteries, chargers and other power equipment. The company delivers integrated solutions that combine energy storage technologies, power electronics, software-enabled intelligence, technical expertise and comprehensive global customer support. EnerSys supports customers across communications networks, data centers, energy infrastructure, material handling, transportation, aerospace and defense — including applications where power continuity is essential. Serving customers in more than 100 countries, EnerSys helps organizations manage energy more reliably, efficiently and intelligently in complex operating environments where uptime, safety and resilience matter. For more information, visit www.enersys.com.
Caution Concerning Forward-Looking Statements
This press release, and oral statements made regarding the subjects of this release, contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, or the Reform Act, which may include, but are not limited to, statements regarding EnerSys’ earnings estimates, intention to return capital to stockholders, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts, including statements identified by words such as “believe,” “plan,” “seek,” “expect,” “intend,” “estimate,” “anticipate,” “will,” and similar expressions. All statements addressing operating performance, events, or developments that EnerSys expects or anticipates will occur in the future, including statements relating to sales growth, continuing to pay cash dividends at the current rate, earnings or earnings per share growth, its intention to pay quarterly cash dividends and return capital to stockholders, execution of its stock repurchase program, and market share, as well as statements expressing optimism or pessimism about future operating results or benefits from either its cash dividend or its stock repurchase programs, are forward-looking statements within the meaning of the Reform Act. The forward-looking statements are based on management’s current views and assumptions regarding future events and operating performance, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies and changes in circumstances, many of which are beyond EnerSys’ control. The statements in this press release are made as of the date of this press release, even if subsequently made available by EnerSys on its website or otherwise. EnerSys does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.
Although EnerSys does not make forward-looking statements unless it believes it has a reasonable basis for doing so, EnerSys cannot guarantee their accuracy. For a list of other factors which could affect EnerSys’ results, including earnings estimates, see EnerSys’ filings with the Securities and Exchange Commission, including “Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations,” and “Forward-Looking Statements,” set forth in EnerSys’ Annual Report on Form 10-K for the fiscal year ended March 31, 2026. The foregoing factors, among others, could cause actual results to differ materially from those described in these forward-looking statements. No undue reliance should be placed on any forward-looking statements.
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Stock to Watch: EnerSys (ENS - Free Report) Headquartered in Pennsylvania, EnerSys engages in manufacturing, marketing and distribution of various industrial batteries. Additionally, the company develops battery chargers and accessories, power equipment and outdoor cabinet enclosures. This apart, it provides support services for clients.
ENS is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 14.58; value investors should take notice.
One analyst revised their earnings estimate higher in the last 60 days for fiscal 2027, while the Zacks Consensus Estimate has increased $0.03 to $12.10 per share. ENS also boasts an average earnings surprise of +4.4%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, ENS should be on investors' short list.
