Acuity Brands Inc expected to post earnings of $3.01 a share - Earnings Preview

Acuity

06/01/2023 14:04

* Acuity Brands Inc  AYI.N   AYI  is expected to show a rise
in
quarterly revenue when it reports  results on January 9. 
    * The Atlanta Georgia-based  company is expected to report 
a
6.3% increase in revenue to $984.461 million from $926.1 million
a year ago, according to the mean estimate from 7 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Acuity Brands Inc
is for
earnings of $3.01 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Acuity
Brands Inc
is $193​, above​ its last closing price of $167.78. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Aug. 31 2022  3.65        3.59       3.95      Beat    10.1
 May. 31 2022  2.99        2.96       3.52      Beat    19
 Feb. 28 2022  2.43        2.37       2.57      Beat    8.3​
 Nov. 30 2021  2.44        2.41       2.85      Beat    18.5
 ​​Aug.        2.85        2.85       3.27      Beat    14.6
 31 2021                                                
 May. 31 2021  2.28        2.27       2.77      Beat    22.1​
 Feb. 28 2021  1.82        1.73       2.12      Beat    22.8
 Nov. 30 2020  1.89        1.84       2.03      Beat    10.1
 This summary was machine generated January 6 at 14:04 GMT.  All
figures in US dollars  unless otherwise stated