Enersys Provides Update on IRC 45X Tax Benefits, Raises Q3 Guidance

Zacks2024-12-19

Enersys ENS, on Dec. 17, updated its previously provided third-quarter fiscal 2025 outlook, considering the impact of incremental benefits related to the Advanced Manufacturing Production Credit - ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492095861?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/knmT_zhl4W5gMgUMJIEvBg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/026a08802cd984229bb03e0aefeb2972","is_english":true,"pubTime":"2024-12-19 22:26","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2492095861","market":"us","top_or_hot":-1,"title":"Enersys Provides Update on IRC 45X Tax Benefits, Raises Q3 Guidance","media":"Zacks","content":"<div>\n<p>Enersys ENS, on Dec. 17, updated its previously provided third-quarter fiscal 2025 outlook, considering the impact of incremental benefits related to the Advanced Manufacturing Production Credit - ...</p>\n\n<a href=\"https://finance.yahoo.com/news/enersys-provides-irc-45x-tax-142600552.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Enersys Provides Update on IRC 45X Tax Benefits, Raises Q3 Guidance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEnersys Provides Update on IRC 45X Tax Benefits, Raises Q3 Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-19 22:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/enersys-provides-irc-45x-tax-142600552.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Enersys ENS, on Dec. 17, updated its previously provided third-quarter fiscal 2025 outlook, considering the impact of incremental benefits related to the Advanced Manufacturing Production Credit - ...</p>\n\n<a href=\"https://finance.yahoo.com/news/enersys-provides-irc-45x-tax-142600552.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/enersys-provides-irc-45x-tax-142600552.html","article_id":"2492095861","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/knmT_zhl4W5gMgUMJIEvBg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/026a08802cd984229bb03e0aefeb2972"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492095861","pubTimestamp":1734618360,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"ENS, with a $3.8 billion market capitalization, currently carries a Zacks Rank #4 . A decrease in capital spending of the telecommunication and broadband customers is adversely impacting the Energy Systems segment. The segment’s revenues were down 9.6% year over year in the second quarter of fiscal 2025. Demand softness in the telecom and broadband end markets remains concerning for the company.In the past three months, EnerSys stock has lost 7.8% compared with the industry’s 1.7% decline.The Zacks Consensus Estimate for fiscal 2025 earnings has decreased 0.8% to $8.86 per share in the past 60 days.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Enersys提供IRC 45X税收优惠的最新信息，提高第三季度指导","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ENS":1,"RBC":1,"ZWS":1},"content_text":"Enersys ENS, on Dec. 17, updated its previously provided third-quarter fiscal 2025 outlook, considering the impact of incremental benefits related to the Advanced Manufacturing Production Credit - Section 45X of the Internal Revenue Code. The company expects that the U.S. Treasury Department’s final regulations for certain direct material input costs will result in higher benefits associated with the tax credits.The company currently anticipates annual tax credits, which are noted as a decrease in the cost of goods sold, to be in the band of $135-$175 million. This reflects an annual increase of about $15 million to its expected tax credits from its previously projected annual range of $120-$160 million.Considering impacts from the incremental benefits, Enersys currently anticipates generating an adjusted EPS between $3.00 and $3.10 for third-quarter fiscal 2025. This includes an adjustment related to the retroactive impacts of the incremental IRC 45X tax benefits. The figure compares favorably with the previously estimated range of $2.20-$2.30.For fiscal 2025, EnerSys raised its adjusted earnings guidance to the range of $9.65-$9.95 per share from the earlier projection of $8.75–$9.05. As noted, the company anticipates to receive the benefits of tax credits related to its eligibility under the U.S. production volumes through Dec. 31, 2032.\nENS Stock’s Zacks Rank & Price Performance\nENS, with a $3.8 billion market capitalization, currently carries a Zacks Rank #4 (Sell). A decrease in capital spending of the telecommunication and broadband customers is adversely impacting the Energy Systems segment. The segment’s revenues were down 9.6% year over year in the second quarter of fiscal 2025. Demand softness in the telecom and broadband end markets remains concerning for the company.\nImage Source: Zacks Investment Research\nIn the past three months, EnerSys stock has lost 7.8% compared with the industry’s 1.7% decline.The Zacks Consensus Estimate for fiscal 2025 earnings has decreased 0.8% to $8.86 per share in the past 60 days.\nStocks to Consider\nSome better-ranked companies are discussed below.Powell Industries POWL presently carries a Zacks Rank #2 (Buy). The company delivered a trailing four-quarter average earnings surprise of 57.5%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.In the past 60 days, the Zacks Consensus Estimate for POWL’s fiscal 2025 earnings has increased 10.1% to $13.70 per share.Zurn Elkay Water Solutions Corporation ZWS presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 8.4%. In the past 60 days, the consensus estimate for ZWS’ 2024 earnings has increased 2.5%.RBC Bearings Incorporated RBC presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 2.5%.In the past 60 days, the consensus estimate for RBC’s fiscal 2025 earnings has increased 0.5% to $9.71 per share.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nRBC Bearings Incorporated (RBC) : Free Stock Analysis Report\nEnersys (ENS) : Free Stock Analysis Report\nPowell Industries, Inc. (POWL) : Free Stock Analysis Report\nZurn Elkay Water Solutions Cor (ZWS) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492095861"}