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Is More Good News Ahead for Recent Winner Acuity Brands (AYI)?
January 22, 2014

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One company that should be on your radar is Acuity Brands, Inc. (AYI - Free Report) . The stock of this lighting solutions provider has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy.  

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For AYI’s full year estimate, we have seen 10 estimates go higher in the past 30 days, compared to none moving lower. This trend has helped the consensus estimate to trend higher, going from $3.87 per share a month ago to its current level at $4.15.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, AYI has seen some pretty solid trading lately, as the company has moved higher by 21.7% in the past month.

If Acuity Brands can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put AYI on your watch list for the future.     

Other top-ranked stocks worth considering in this space include Beazer Homes USA Inc. (BZH - Free Report) , Chicago Bridge & Iron Company N.V. (CBI - Free Report) and Fluor Corporation (FLR - Free Report) . All these carry a Zacks Rank #2 (Buy).

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