In its upcoming report, Acuity (AYI) is predicted by Wall Street analysts to post quarterly earnings of $4.31 per share, reflecting an increase of 3.9% compared to the same period last year. Revenues are forecasted to be $1.14 billion, representing a year-over-year increase of 17.5%.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Acuity metrics that Wall Street analysts commonly model and monitor.
Analysts predict that the 'Net Sales- Acuity Intelligent Spaces' will reach $240.58 million. The estimate points to a change of +217.8% from the year-ago quarter.
According to the collective judgment of analysts, 'Net Sales- Acuity Brands Lighting (ABL)' should come in at $904.15 million. The estimate suggests a change of +0.6% year over year.
The consensus among analysts is that 'Adjusted operating profit- Acuity Intelligent Spaces' will reach $38.51 million. Compared to the current estimate, the company reported $17.30 million in the same quarter of the previous year.
The consensus estimate for 'Adjusted operating profit- Acuity Brands Lighting' stands at $162.66 million. Compared to the current estimate, the company reported $162.10 million in the same quarter of the previous year.
View all Key Company Metrics for Acuity here>>>
Over the past month, shares of Acuity have returned +5% versus the Zacks S&P 500 composite's +0.5% change. Currently, AYI carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Acuity, Inc. (AYI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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