The upcoming report from Acuity (AYI) is expected to reveal quarterly earnings of $5.67 per share, indicating an increase of 9% compared to the year-ago period. Analysts forecast revenues of $1.26 billion, representing an increase of 3.8% year over year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Acuity metrics that Wall Street analysts commonly model and monitor.
The average prediction of analysts places 'Net Sales by Channel- Acuity Intelligent Spaces' at $307.87 million. The estimate points to a change of +20.6% from the year-ago quarter.
It is projected by analysts that the 'Net Sales by Channel- Acuity Brands Lighting (ABL)- Total' will reach $957.04 million. The estimate indicates a change of -0.6% from the prior-year quarter.
The combined assessment of analysts suggests that 'Adjusted operating profit- Acuity Intelligent Spaces' will likely reach $69.55 million. The estimate is in contrast to the year-ago figure of $54.60 million.
The consensus estimate for 'Adjusted operating profit- Acuity Brands Lighting' stands at $186.80 million. The estimate compares to the year-ago value of $193.60 million.
View all Key Company Metrics for Acuity here>>>Shares of Acuity have experienced a change of -4.7% in the past month compared to the +1% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), AYI is expected to mirror the overall market performance 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 Report
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