Energizer Holdings Inc (NYSE:ENR) Stock Plummets 23.6% on Earnings Miss and Weak Guidance

Recent Performance

ENERGIZER HOLDINGS INC (NYSE:ENR) concluded its 2025 fiscal year with a fourth-quarter earnings report that presented a mixed financial picture. The market's reaction has been notably negative, with the stock declining approximately 23.6% following the earnings release. This sharp downturn indicates significant investor disappointment, despite some positive elements within the report. The stock has shown minor fluctuations in the very short term, with a slight gain over the past two weeks, but these movements are overshadowed by the substantial monthly loss directly linked to the earnings announcement.

Q4 FY2025 Earnings Versus Estimates

The core of the market's negative reaction lies in the company's performance relative to Wall Street expectations, particularly concerning profitability. While revenue was nearly in line with forecasts, earnings per share fell short by a meaningful margin.

• Revenue: Reported revenue of $832.8 million slightly surpassed analyst estimates of $836.2 million, resulting in a positive surprise of 0.21%.
• Earnings Per Share (Non-GAAP): The company reported EPS of $1.05, which was 9.8% below the consensus estimate of $1.13. This miss on the bottom line is a primary driver behind the stock's sell-off.

Full-Year Context and Press Release Summary

The fourth-quarter results capped off a full fiscal year 2025 for Energizer that showed modest top-line growth. According to the company's press release, full-year net sales increased by 2.3%. This growth was attributed to a combination of acquisition-related sales and a more modest 0.7% increase in organic net sales. The company also reported a full-year GAAP EPS of $3.32. The press release also outlined the company's financial outlook for the upcoming fiscal year 2026, providing investors with initial guidance.

Forward-Looking Guidance and Analyst Comparisons

A critical factor influencing market sentiment appears to be the company's forward-looking guidance, especially for the upcoming first quarter of fiscal 2026. When compared to existing analyst projections, Energizer's outlook suggests potential challenges ahead.

• Q1 FY2026 Revenue Guidance: The company provided revenue guidance of $695.1 million for the next quarter. This figure falls 8.9% below the current analyst consensus estimate of $769.2 million, signaling anticipated softness.
• Full-Year FY2026 Analyst Estimates: For the full 2026 fiscal year, analysts are currently estimating sales of $3.06 billion and revenue of $3.77 billion. The company's own outlook will be measured against these benchmarks as the year progresses.

Market Implications

The market's punitive reaction to Energizer's earnings report is a classic response to a "mixed quarter with weak guidance." While beating revenue estimates marginally is a positive, it was completely offset by the miss on earnings per share. More importantly, the significantly lower-than-expected revenue guidance for the next quarter has likely raised concerns among investors about the company's near-term growth trajectory and its ability to navigate the current economic environment. The substantial stock price decline reflects a market that is repricing its expectations for ENR based on these profitability and forward-growth concerns.

For a detailed breakdown of historical earnings and future analyst estimates, you can review the data here.

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