AYI / Why Did Acuity Brands, Inc Fall After Strong Q2 Results?

Acuity Brands, Inc. (NYSE:AYI ) Q4 2023 Earnings Call Transcript October 4, 2023 8:00 AM ET Company Participants Charlotte McLaughlin - VP, IR Neil As more_horizontal

Acuity Brands, Inc. (NYSE:AYI) has reported a fall in fourth-quarter sales due to a decline at its lighting business. However, earnings surprised to more_horizontal

Acuity Brands (AYI) came out with quarterly earnings of $3.97 per share, beating the Zacks Consensus Estimate of $3.57 per share. This compares to ear more_horizontal

Acuity Brands, Inc. (NYSE:AYI) is expected to report lower revenue and earnings when it delivers fourth quarter results ahead of the opening bell on more_horizontal

Acuity Brands' (AYI) fiscal Q4 performance is likely to have reflected lower volumes and higher costs. more_horizontal

Acuity Brands (AYI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely more_horizontal

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Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Pre more_horizontal