Acuity Brands, Inc. (NYSE:AYI) is trading up 9.67% versus 12-month low of 192.94 and stands -24.58% lower from its 1-year peak of $280.56. The consensus price target (PT) of $236.70 means that the market expects Company shares to increase by 13.7% in the short run. The sell-side target prices range from $150 to $280. In the last month the stock has moved in price 1.17%, with a one year change of -0.23%. The last trading session volume compares with the 771.31K average and market worth floats around 9.27B.
Acuity Brands, Inc. (NYSE:AYI) gained 1.61% to reach at the trading price of $211.59 as it is set to release its next quarterly earnings report on April 05, 2017. Acuity Brands, Inc. stock trades in the range of $208.72 to $212.42 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $1.82 a share with $829M in revenue.
Acuity Brands, Inc. (AYI) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Acuity Brands, Inc. to earn $2.22 per share (EPS) on revenue of $926.4M. The EPS consensus range is $1.94-$2.51 on revenue between $979.2M and $901.92M.
While if we look at the Earnings Track Record, Acuity Brands, Inc. (AYI) managed to surpass quarterly earnings per share estimates in 7 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 58%. Last time the company reported, Acuity Brands, Inc. (AYI) generated $2.00 in earnings per share, missing the consensus estimate of $2.16. Revenues hit $851.2M in the November 2017 quarter, which was below the consensus $894.94M projection. On the other hand, in the August 2017 quarter the company recorded a net $925.5M revenue with earnings per share of $2.21. Wall Street had anticipated $946.53M and $2.39, respectively. For comparison, there was a revenue of $851.5M and EPS of $2.06 in the May 2016 period.
Acuity Brands, Inc. (NYSE:AYI) Analyst Insights
The buoyancy in the outlook of Acuity Brands, Inc. (AYI) is getting stronger by the somewhat negative sentiment (2.00 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Buy. CLSA has been covering shares of AYI, so it is most recent view is worth a look. In a research note issued on Jan 27, 2017, analysts at downgraded the stock to Sell from Neutral. Another noteworthy analyst activity was recorded on Jan 10, 2017. CLSA Analysts lifted the stock to Buy from Outperform.