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

Acuity

27/06/2024 14:31

* Acuity Brands Inc  AYI.N  reported quarterly adjusted
earnings
of $4.15​​ per share for the quarter ended in May, higher than
the same quarter last year, when the company reported EPS of
$3.75.  The mean expectation of seven analysts for the quarter
was for earnings of $4.07 per share. Wall Street expected
results to range from $3.92  to $4.37 per share.
    * Revenue fell 3.2% to $968.10 million from a year ago;
analysts
expected $996.52 million. 
    * Acuity Brands Inc's reported EPS for the quarter was
$3.62​.
    * The company reported quarterly net income of $113.9
million.
    * Acuity Brands Inc shares had fallen by 10.8% this
quarter and
gained 17.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the construction
supplies & fixtures peer group is also "hold"

Wall Street's median 12-month price target for Acuity Brands Inc
is $290.00 
This summary was machine generated from LSEG data June 27 at
01:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 May. 31 2024      4.07           4.15           Beat
 Feb. 29 2024      3.24           3.38           Beat
 Nov. 30 2023      3.23           3.72           Beat
 Aug. 31 2023      3.72           3.97           Beat