Acuity Brands Inc reports results for the quarter ended in May - Earnings Summary

Acuity

29/06/2023 14:32

* Acuity Brands Inc  AYI.N  reported quarterly adjusted
earnings
of $3.75​​ per share for the quarter ended in May. The mean
expectation of nine analysts for the quarter was for earnings of
$3.72 per share.
    * Revenue fell 5.7% to $1.00 billion from a year ago;
analysts
expected $1.05 billion. 
    * Acuity Brands Inc's reported EPS for the quarter was
$3.28​.
    * The mean earnings estimate of analysts had fallen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Acuity Brands Inc shares had fallen by 12.1% this
quarter and
lost 3.0% so far this year.
    * The company reported quarterly net income of $105 million.
    * Wall Street's median 12-month price target for Acuity
Brands Inc
is $180.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data June
29 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 May. 31 2023      3.72           3.75           Beat
 Feb. 28 2023      2.72           3.06           Beat
 Nov. 30 2022      3.01           3.29           Beat
 Aug. 31 2022      3.59           3.95           Beat