Acuity Inc. reports results for the quarter ended August 31 - Earnings Summary

• Acuity Inc. AYI.N reported quarterly adjusted earnings of $5.77​​ per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of $5.20. The mean expectation of seven analysts for the quarter was for earnings of $5.56 per share. Wall Street expected results to range from $5.39 to $5.72 per share.

• Revenue rose 2.9% to $1.24 billion from a year ago; analysts expected $1.24 billion.

• Acuity Inc.'s reported EPS for the quarter was $5.63​.

• The company reported quarterly net income of $173 million.

• Acuity Inc. shares had held steady so far this quarter and lost 14.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.8% in the last three months.​

• In the last 30 days, four 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," 4 "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 $383.44, about 19.2% above its last closing price of $309.81

This summary was machine generated from LSEG data October 1 at 11:07 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)