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Acuity Brands (AYI) Reports Q4: Everything You Need To Know Ahead Of Earnings

AYI Cover Image

Intelligent lighting and space solutions provider Acuity Brands (NYSE: AYI) will be announcing earnings results tomorrow before market open. Here’s what investors should know.

Acuity Brands missed analysts’ revenue expectations by 1.5% last quarter, reporting revenues of $1.21 billion, up 17.1% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ EBITDA estimates but a miss of analysts’ organic revenue estimates.

Is Acuity Brands a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Acuity Brands’s revenue to grow 19.7% year on year to $1.14 billion, improving from the 1.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $4.59 per share.

Acuity Brands Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Acuity Brands has missed Wall Street’s revenue estimates five times over the last two years.

With Acuity Brands being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for electrical equipment stocks. However, there has been positive investor sentiment in the segment, with share prices up 5.6% on average over the last month. Acuity Brands is up 1.6% during the same time and is heading into earnings with an average analyst price target of $403 (compared to the current share price of $375.73).

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