Acuity Brands Inc expected to post earnings of $3.72 a share - Earnings Preview

Acuity

02/10/2023 11:02

* Acuity Brands Inc  AYI.N   AYI  is expected to show a fall
in
quarterly revenue when it reports  results on October 4. 
    * The Atlanta Georgia-based  company is expected to report 
a
8.3% decrease in revenue to $1.018 billion from $1.11 billion a
year ago, according to the mean estimate from 8 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Acuity Brands Inc
is for
earnings of $3.72 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 $180​, above​ its last closing price of $170.31. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  3.06        3.01       3.29      Beat    9.5​
 Aug. 31 2022  3.65        3.59       3.95      Beat    10.1
 ​​May.        2.99        2.96       3.52      Beat    19
 31 2022                                                
 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. 31 2021  2.85        2.85       3.27      Beat    14.6
 This summary was machine generated October 2 at 10:02 GMT.  All
figures in US dollars  unless otherwise stated