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) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
Acuity Brands (AYI - Free Report) closed at $120.43 in the latest trading session, marking a -0.44% move from the prior day. This change lagged the S&P 500's daily loss of 0.32%. Elsewhere, the Dow lost 0.47%, while the tech-heavy Nasdaq lost 0.34%.
Prior to today's trading, shares of the lighting maker had lost 10.31% over the past month. This has lagged the Construction sector's loss of 1.96% and the S&P 500's loss of 4.64% in that time.
Wall Street will be looking for positivity from AYI as it approaches its next earnings report date. The company is expected to report EPS of $2.84, up 5.97% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.03 billion, down 2.8% from the year-ago period.
AYI's full-year Zacks Consensus Estimates are calling for earnings of $9.68 per share and revenue of $3.77 billion. These results would represent year-over-year changes of +9.5% and +2.34%, respectively.
It is also important to note the recent changes to analyst estimates for AYI. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AYI is currently a Zacks Rank #3 (Hold).
Looking at its valuation, AYI is holding a Forward P/E ratio of 12.5. This represents a no noticeable deviation compared to its industry's average Forward P/E of 12.5.
We can also see that AYI currently has a PEG ratio of 1.19. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. AYI's industry had an average PEG ratio of 0.94 as of yesterday's close.
The Building Products - Lighting industry is part of the Construction sector. This group has a Zacks Industry Rank of 248, putting it in the bottom 4% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Acuity Brands (AYI) Dips More Than Broader Markets: What You Should Know
Acuity Brands (AYI - Free Report) closed at $120.43 in the latest trading session, marking a -0.44% move from the prior day. This change lagged the S&P 500's daily loss of 0.32%. Elsewhere, the Dow lost 0.47%, while the tech-heavy Nasdaq lost 0.34%.
Prior to today's trading, shares of the lighting maker had lost 10.31% over the past month. This has lagged the Construction sector's loss of 1.96% and the S&P 500's loss of 4.64% in that time.
Wall Street will be looking for positivity from AYI as it approaches its next earnings report date. The company is expected to report EPS of $2.84, up 5.97% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.03 billion, down 2.8% from the year-ago period.
AYI's full-year Zacks Consensus Estimates are calling for earnings of $9.68 per share and revenue of $3.77 billion. These results would represent year-over-year changes of +9.5% and +2.34%, respectively.
It is also important to note the recent changes to analyst estimates for AYI. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AYI is currently a Zacks Rank #3 (Hold).
Looking at its valuation, AYI is holding a Forward P/E ratio of 12.5. This represents a no noticeable deviation compared to its industry's average Forward P/E of 12.5.
We can also see that AYI currently has a PEG ratio of 1.19. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. AYI's industry had an average PEG ratio of 0.94 as of yesterday's close.
The Building Products - Lighting industry is part of the Construction sector. This group has a Zacks Industry Rank of 248, putting it in the bottom 4% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.