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Acuity Brands (AYI) Beats on Q4 Earnings, Misses Revenues
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Acuity Brands, Inc. (AYI - Free Report) 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 missed earnings in three of the past four quarters, with an average miss of 2.39%.
Revenues: AYI reported revenues of $957.6 million. This missed our consensus estimate of $972.5 million.
Stock Price Movement: Shares were down 5.6% during pre-market trading session at the time of writing.
Check back later for our full write up on this AYI earnings report later.
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
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Acuity Brands (AYI) Beats on Q4 Earnings, Misses Revenues
Acuity Brands, Inc. (AYI - Free Report) 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 missed earnings in three of the past four quarters, with an average miss of 2.39%.
Currently, AYI has a Zacks Rank #4 (Sell), 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 beat on earnings. Our consensus estimate called for EPS of $2.40 per share, and the company reported EPS of $2.55 instead.
Acuity Brands Inc Price and EPS Surprise
Acuity Brands Inc Price and EPS Surprise | Acuity Brands Inc Quote
Revenues: AYI reported revenues of $957.6 million. This missed our consensus estimate of $972.5 million.
Stock Price Movement: Shares were down 5.6% during pre-market trading session at the time of writing.
Check back later for our full write up on this AYI earnings report later.
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>