Markets
AYI

Acuity Brands (AYI) Misses on Q1 Earnings and Revenues

Acuity Brands, Inc.AYI 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 estimates for AYI have moved downward in the past 60 days for the current year. Again, AYI has posted positive earnings surprise in two of the past four quarters, with an average surprise of 2.00%.

Acuity Brands Inc Price and EPS Surprise

Acuity Brands Inc Price and EPS Surprise | Acuity Brands Inc 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 (Strong Buy) 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 $2.06 per share, and the company reported EPS of $2.00 instead.

Revenues: AYI reported revenues of $851.2 million. This missed our consensus estimate of $887.1 million.

Stock Price: Shares were down 6.03% during pre-market trading session at the time of writing.

Check back later for our full write up on this AYI earnings report later.

" Zacks' Top Investment Ideas for Long-Term Profit

How would you like to see our best recommendations to help you find today's most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>"

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Acuity Brands Inc (AYI): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

AYI

Other Topics

Earnings Investing Stocks

Latest Markets Videos