Acuity Brands Inc expected to post earnings of $4.14 a share - Earnings Preview

Acuity

25/06/2024 13:54

* Acuity Brands Inc  AYI.N   AYI  is expected to show a fall
in
quarterly revenue when it reports  results on June 27 for the
period ending May 31 2024
    * The Atlanta Georgia-based  company is expected to report a
0.4% decrease in revenue to $996.525 million from $1 billion a
year ago, according to the mean estimate from 6 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Acuity Brands Inc is for
earnings of $4.14 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 fallen by
about 0.3%
in the last three months. ​
    * Wall Street's median 12-month price target for Acuity
Brands Inc
is $290.00​, above​ its last closing price of $241.57. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Feb. 29 2024  3.25        3.24       3.38      Beat    4.4
 Nov. 30 2024  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.        2.80        2.72       3.06      Beat    12.5
 28 2023                                                
 Nov. 30 2022  3.06        3.01       3.29      Beat    9.5​
 Jan. 1 0001   3.65        3.59       3.95      Beat    10.1
 May. 31 2022  2.99                   3.52              19
 This summary was machine generated June 25 at 12:54 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)