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Acuity (AYI) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
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Wall Street analysts forecast that Acuity (AYI - Free Report) will report quarterly earnings of $4.11 per share in its upcoming release, pointing to a year-over-year increase of 10.2%. It is anticipated that revenues will amount to $1.09 billion, exhibiting an increase of 8.7% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Acuity metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus among analysts is that 'Net Sales by Channel- Acuity Intelligent Spaces' will reach $249.73 million. The estimate points to a change of +45.6% from the year-ago quarter.
Analysts' assessment points toward 'Net Sales by Channel- Acuity Brands Lighting (ABL)- Total' reaching $851.82 million. The estimate suggests a change of +1.3% year over year.
According to the collective judgment of analysts, 'Adjusted operating profit- Acuity Intelligent Spaces' should come in at $52.56 million. Compared to the present estimate, the company reported $32.00 million in the same quarter last year.
Analysts forecast 'Adjusted operating profit- Acuity Brands Lighting' to reach $145.80 million. Compared to the present estimate, the company reported $141.30 million in the same quarter last year.
Shares of Acuity have experienced a change of -10.6% in the past month compared to the -7.3% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), AYI is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Acuity (AYI) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Wall Street analysts forecast that Acuity (AYI - Free Report) will report quarterly earnings of $4.11 per share in its upcoming release, pointing to a year-over-year increase of 10.2%. It is anticipated that revenues will amount to $1.09 billion, exhibiting an increase of 8.7% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Acuity metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus among analysts is that 'Net Sales by Channel- Acuity Intelligent Spaces' will reach $249.73 million. The estimate points to a change of +45.6% from the year-ago quarter.
Analysts' assessment points toward 'Net Sales by Channel- Acuity Brands Lighting (ABL)- Total' reaching $851.82 million. The estimate suggests a change of +1.3% year over year.
According to the collective judgment of analysts, 'Adjusted operating profit- Acuity Intelligent Spaces' should come in at $52.56 million. Compared to the present estimate, the company reported $32.00 million in the same quarter last year.
Analysts forecast 'Adjusted operating profit- Acuity Brands Lighting' to reach $145.80 million. Compared to the present estimate, the company reported $141.30 million in the same quarter last year.
View all Key Company Metrics for Acuity here>>>Shares of Acuity have experienced a change of -10.6% in the past month compared to the -7.3% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), AYI is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .