Acuity Brands (AYI) To Post Q2 Earnings: What's In Store?
Zacks Investment Research | Mar 31, 2019 11:17PM ET
Acuity Brands, Inc. (NYSE:AYI) is slated to announce second-quarter fiscal 2019 results on Apr 3, before the opening bell.
The company delivered a positive earnings surprise of 7.4% in the last reported quarter. In fact, the company reported positive earnings surprise in three of the trailing four quarters, with the average beat being 1.9%.
In the last reported quarter, earnings increased 19.6% on a year-over-year basis, backed by solid top-line growth (up 10.7%) of the company. The positive results were mainly driven by higher demand for small and medium-sized lighting solutions, along with growth of its building management solutions.
How are Estimates Faring?
Let’s take a look at the estimate revision trend in order to get a clear picture of what analysts are thinking about the company prior to the earnings release. For the quarter to be reported, the Zacks Consensus Estimate has been downwardly revised by 1.1% over the past seven days to $1.79 per share. This reflects a decrease of 5.3% from year-ago earnings of $1.89 per share. Revenues, however, are expected to increase 5.5% year over year to $878.2 million.
Acuity Brands Inc Price and EPS Surprise
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