Acuity Inc reports results for the quarter ended February 28 - Earnings Summary

• Acuity Inc AYI.N reported quarterly adjusted earnings of $3.73​​ per share for the quarter ended February 28, higher than the same quarter last year, when the company reported EPS of $3.38. The mean expectation of eight analysts for the quarter was for earnings of $3.70 per share. Wall Street expected results to range from $3.59 to $3.89 per share.

• Revenue rose 11.1% to $1.01 billion from a year ago; analysts expected $1.03 billion.

• Acuity Inc's reported EPS for the quarter was $2.45​.

• The company reported quarterly net income of $77.5 million.

• Acuity Inc shares had risen by 1.2% this quarter and lost 8.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.3% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the construction supplies & fixtures peer group is also "buy"

• Wall Street's median 12-month price target for Acuity Inc is $322.50

This summary was machine generated from LSEG data April 3 at 11:45 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)