Analysts on Wall Street project that Acuity Brands (AYI – Free Report) will announce quarterly earnings of $3.88 per share in its forthcoming report, representing an increase of 4.3% year over year. Revenues are projected to reach $951.85 million, increasing 1.8% from the same quarter last year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts’ collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company’s quarterly performance, scrutinizing analysts’ projections for some of the company’s key metrics can offer a more comprehensive perspective.
In light of this perspective, let’s dive into the average estimates of certain Acuity Brands metrics that are commonly tracked and forecasted by Wall Street analysts.
The collective assessment of analysts points to an estimated ‘Revenues- Acuity Brands Lighting (ABL)’ of $883.05 million. The estimate suggests a change of +0.8% year over year.
The consensus estimate for ‘Revenues- Intelligent Spaces Group (ISG)’ stands at $73.86 million. The estimate points to a change of +15% from the year-ago quarter.
According to the collective judgment of analysts, ‘Adjusted operating profit- Intelligent Spaces Group’ should come in at $13.98 million. Compared to the present estimate, the company reported $10.30 million in the same quarter last year.
Analysts predict that the ‘Adjusted operating profit- Acuity Brands Lighting’ will reach $154.04 million. The estimate compares to the year-ago value of $153.80 million.
View all Key Company Metrics for Acuity Brands here>>>
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