Acuity Brands Inc expected to post earnings of $3.25 a share - Earnings Preview

Acuity

01/04/2024 13:33

* Acuity Brands Inc  AYI.N   AYI  is expected to show a fall
in
quarterly revenue when it reports  results on April 3 for the
period ending February 29 2024
    * The Atlanta Georgia-based  company is expected to report a
3.8% decrease in revenue to $907.746 million from $943.6 million
a year ago, according to the mean estimate from 7 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Acuity Brands Inc is for
earnings of $3.25 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.9%
in the last three months. ​
    * Wall Street's median 12-month price target for Acuity
Brands Inc
is $260.00​, below​ its last closing price of $268.73. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Nov. 30 2023  3.27        3.23       3.72      Beat    15.2
 Aug. 31 2023  3.80        3.72       3.97      Beat    6.6
 May. 31 2023  3.69        3.72       3.75      Beat    0.9​
 Feb. 28 2023  2.80        2.72       3.06      Beat    12.5
 ​​Nov.        3.06        3.01       3.29      Beat    9.5
 30 2022                                                
 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
 This summary was machine generated April 1 at 12:33 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)