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Acuity Brands (AYI) To Report Earnings Tomorrow: Here Is What To Expect

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Intelligent lighting and space solutions provider Acuity Brands (NYSE: AYI) will be reporting earnings this Thursday morning. Here’s what to look for.

Acuity Brands met analysts’ revenue expectations last quarter, reporting revenues of $1.14 billion, up 20.2% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates.

Is Acuity Brands a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Acuity Brands’s revenue to grow 7.6% year on year, slowing from the 11.1% increase it recorded in the same quarter last year.

Acuity Brands Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Acuity Brands has missed Wall Street’s revenue estimates multiple times over the last two years.

With Acuity Brands being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for electrical equipment stocks. However, the whole sector has faced a sell-off over the last month with stocks in Acuity Brands’s peer group down 9.8% on average. Acuity Brands is down 3.6% during the same time .

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