Energizer Holdings, Inc. ENR is set to report second-quarter fiscal 2016 results on May 4. Last quarter, it posted a positive earnings surprise of 75.76%. It has delivered an average positive earnings surprise of 30.02% over the trailing four quarters. Let's see how things are shaping up for this announcement.Factors to ConsiderSince the beginning of this fiscal year, Energizer Holdings is reporting the operational results of its Household Product Division (comprising battery business) while the rest of the consumer brands business has been included in the operations of Edgewell Personal Care Co. EPC.In the last quarter, the company’s organic revenues benefitted from a favorable product mix and higher pricing. The company’s top line has been driven by the strength in its Alkaline batteries despite the weakness in its Other batteries and lighting products.Driven by the encouraging first quarter results, the company had raised its view for fiscal 2016, even though the to-be-reported quarter will see difficult comparisons. Nonetheless, there have been some positive estimate revisions over the past 30 days for second quarter results, which is a positive.Meanwhile, unfavorable foreign exchange, increasing competition from peers and deconsolidation of Venezuelan operations remain concerns.Earnings WhispersOur proven model does not conclusively show that Energizer will beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here as you will see below.Zacks ESP: Energizer currently has a 0.00% ESP because both the Most Accurate estimate and the Zacks Consensus Estimate stand at 21 cents.Zacks Rank: Energizer has a Zacks Rank #2 (Buy), which when combined with a 0.00% ESP, makes surprise prediction difficult.We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum.Stocks to ConsiderHere are some stocks that, as per our model, have the right combination of elements to post an earnings beat this quarter:Enable Midstream Partners, LP ENBL has an Earnings ESP of +21.05% and a Zacks Rank #2.Spectra Energy Partners, LP SEP has an Earnings ESP of +2.27% and a Zacks Rank #3.Want the latest recommendations from Zacks Investment Research? Today, you can download7 Best Stocks for the Next 30 Days. Click to get this free report >>Want 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 ENERGIZER HLDGS (ENR): Get Free Report SPECTRA EGY PTR (SEP): Free Stock Analysis Report ENABLE MIDSTRM (ENBL): Free Stock Analysis Report EDGEWELL PERSNL (EPC): Free Stock Analysis Report To read this article on Zacks.com click here.