Unpacking Q1 Earnings: Energizer (NYSE:ENR) In The Context Of Other Household Products Stocks
Earnings results often indicate what direction a company will take in the months ahead. With Q1 now behind us, let’s have a look at Energizer (NYSE:ENR) and its peers.
Household products stocks are generally stable investments, as many of the industry's products are essential for a comfortable and functional living space. Recently, there's been a growing emphasis on eco-friendly and sustainable offerings, reflecting the evolving consumer preferences for environmentally conscious options. These trends can be double-edged swords that benefit companies who innovate quickly to take advantage of them and hurt companies that don't invest enough to meet consumers where they want to be with regards to trends.
The 10 household products stocks we track reported a solid Q1; on average, revenues were in line with analyst consensus estimates. while next quarter's revenue guidance was in line with consensus. Stocks--especially those trading at higher multiples--had a strong end of 2023, but 2024 has seen periods of volatility. Mixed signals about inflation have led to uncertainty around rate cuts, and household products stocks have held roughly steady amidst all this, with share prices up 0.9% on average since the previous earnings results.
Weakest Q1: Energizer (NYSE:ENR)
Masterminds behind the viral Energizer Bunny mascot, Energizer (NYSE:ENR) is one of the world's largest manufacturers of batteries.
Energizer reported revenues of $663.3 million, down 3% year on year, falling short of analysts' expectations by 0.1%. It was a weak quarter for the company, with a miss of analysts' revenue estimates.
"This quarter marks another solid performance for Energizer," said Mark LaVigne, Chief Executive Officer.
The stock is down 1.6% since the results and currently trades at $28.98.
Read our full report on Energizer here, it's free.
Best Q1: Spectrum Brands (NYSE:SPB)
A leader in multiple consumer product categories, Spectrum Brands (NYSE:SPB) is a diversified company with a portfolio of trusted brands spanning home appliances, garden care, personal care, and pet care.
Spectrum Brands reported revenues of $718.5 million, down 1.5% year on year, outperforming analysts' expectations by 1.4%. It was a stunning quarter for the company, with an impressive beat of analysts' earnings estimates.
The stock is up 9.1% since the results and currently trades at $92.19.
Is now the time to buy Spectrum Brands? Access our full analysis of the earnings results here, it's free.
Clorox (NYSE:CLX)
Founded in 1913 with bleach as the sole product offering, Clorox (NYSE:CLX) today is a consumer products giant whose product portfolio spans everything from bleach to skincare to salad dressing to kitty litter.
Clorox reported revenues of $1.81 billion, down 5.3% year on year, falling short of analysts' expectations by 3%. It was a slower quarter for the company, with a miss of analysts' organic revenue growth estimates.
Clorox had the weakest performance against analyst estimates and slowest revenue growth in the group. The stock is down 11.2% since the results and currently trades at $131.25.
Read our full analysis of Clorox's results here.
WD-40 (NASDAQ:WDFC)
Short for “Water Displacement perfected on the 40th try”, WD-40 (NASDAQGS:WDFC) is a renowned American consumer goods company known for its iconic and versatile spray, WD-40 Multi-Use Product.
WD-40 reported revenues of $139.1 million, up 6.8% year on year, falling short of analysts' expectations by 0.8%. It was a mixed quarter for the company, with full-year revenue guidance beating analysts' expectations but a miss of analysts' revenue estimates.
WD-40 delivered the fastest revenue growth and highest full-year guidance raise among its peers. The stock is down 9.5% since the results and currently trades at $231.1.
Read our full, actionable report on WD-40 here, it's free.
Kimberly-Clark (NYSE:KMB)
Originally founded as a Wisconsin paper mill in 1872, Kimberly-Clark (NYSE:KMB) is now a household products powerhouse known for personal care and tissue products.
Kimberly-Clark reported revenues of $5.15 billion, down 0.9% year on year, surpassing analysts' expectations by 1.2%. It was a very strong quarter for the company, with an impressive beat of analysts' organic revenue growth estimates.
The stock is up 2.3% since the results and currently trades at $131.84.
Read our full, actionable report on Kimberly-Clark here, it's free.
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