Acuity Brands Inc expected to post earnings of $2.96 a share - Earnings Preview

Acuity

28/06/2022 11:02

* Acuity Brands Inc  AYI.N   AYI  is expected to show a rise
in
quarterly revenue when it reports  results on June 30. 
    * The Atlanta Georgia-based  company is expected to report 
a
9.5% increase in revenue to $985.416 million from $899.7 million
a year ago, according to the mean estimate from 9 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Acuity Brands Inc
is for
earnings of $2.96 per share. For the same quarter last year, the
company reported earnings of $2.77 per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.7%
in the last three months. ​
    * Wall Street's median 12-month price target for Acuity
Brands Inc
is $200.5​, above​ its last closing price of $156.81. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Feb. 28 2022  2.43        2.37       2.57      Beat    8.3
 Nov. 30 2022  2.44        2.41       2.85      Beat    18.5
 Aug. 31 2021  2.85        2.85       3.27      Beat    14.6​
 May. 31 2021  2.28        2.27       2.77      Beat    22.1
 ​​Feb.        1.82        1.73       2.12      Beat    22.8
 28 2021                                                
 Nov. 30 2020  1.89        1.84       2.03      Beat    10.1​
 Aug. 31 2020  2.07        2.03       2.35      Beat    15.8
 May. 31 2020  1.17        1.22       1.94      Beat    59.1
 This summary was machine generated June 28 at 10:02 GMT.  All
figures in US dollars  unless otherwise stated