On Monday, January 9th, Acuity Technology (AYI Quick QuoteAYI - Free Report) will release its first quarter earnings results after the bell. The company is a Zacks Rank 3 (Hold), and have a Value, Growth, and Momentum score of B.

Dave will look at Acuity’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.

Furthermore, Dave will uncover some potential options trades for investors looking to ma ke a play on Acuity ahead of earnings.

Acuity in Focus

Acuity Brands, Inc. is comprised of the Acuity Lighting Group and Acuity Specialty Products. The Acuity Lighting Group is the world's largest lighting fixture manufacturer and includes brands such as Lithonia Lighting, Holophane, Peerless, and Hydrel. Acuity Specialty Products is a leading provider of specialty chemicals and includes brands such as Zep, Enforcer, and Selig.

Acuity is expected to report earnings at $2.06 per share according to the Zacks Consensus Estimate. Last quarter they missed earnings expectations by -7.93% with their announcement at $2.09 per share. They were expected to report $2.27 per share last quarter. They have an average earnings surprise of 2.00%

ACUITY BRANDS Price and EPS Surprise

ACUITY BRANDS Price and EPS Surprise | ACUITY BRANDS Quote

Bottom Line

How should investors play Acuity ahead of their earnings report? For insights on the best options trades, then tune in at 2:00pm to see David’s thoughts.

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