We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Acuity Brands (AYI) Misses on Q4 Earnings and Revenues
Read MoreHide Full Article
Acuity Brands, Inc. (AYI - Free Report) is the North American market leader and one of the world`s leading providers of indoor and outdoor lighting and energy management solutions. The company designs, produces, and distributes various lighting solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally.
Management remains focused on generating higher operating margins as volume grows. Volume leverage and productivity are the drivers of the margin expansion. AYI also makes investments in product development that are increasingly digital in nature. This will support growth including tooling for new products, expansion and electronic capacity.
Investors should also note that the earnings estimate for AYI has remained stable in the past 30 days. Again, AYI has posted positive earnings surprise in three of the past four quarters, with an average surprise of 4.30%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: AYI missed on earnings. Our consensus earnings estimate called for EPS of $2.27 per share, and the company reported EPS of $2.09 instead.
Revenues: AYI reported revenues of $925.5 million. This missed our consensus estimate of $948.26 million.
Stock Price: Shares stayed inactive during pre-market trading.
Check back later for our full write up on this AYI earnings report later.
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Acuity Brands (AYI) Misses on Q4 Earnings and Revenues
Acuity Brands, Inc. (AYI - Free Report) is the North American market leader and one of the world`s leading providers of indoor and outdoor lighting and energy management solutions. The company designs, produces, and distributes various lighting solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally.
Management remains focused on generating higher operating margins as volume grows. Volume leverage and productivity are the drivers of the margin expansion. AYI also makes investments in product development that are increasingly digital in nature. This will support growth including tooling for new products, expansion and electronic capacity.
Investors should also note that the earnings estimate for AYI has remained stable in the past 30 days. Again, AYI has posted positive earnings surprise in three of the past four quarters, with an average surprise of 4.30%.
ACUITY BRANDS Price and EPS Surprise
ACUITY BRANDS Price and EPS Surprise | ACUITY BRANDS Quote
Currently, AYI has a Zacks Rank #3 (Hold), but that could definitely change following its earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: AYI missed on earnings. Our consensus earnings estimate called for EPS of $2.27 per share, and the company reported EPS of $2.09 instead.
Revenues: AYI reported revenues of $925.5 million. This missed our consensus estimate of $948.26 million.
Stock Price: Shares stayed inactive during pre-market trading.
Check back later for our full write up on this AYI earnings report later.
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>