Countdown to Acuity Brands (AYI) Q3 Earnings: Wall Street Forecasts for Key Metrics

Core Insights - Acuity Brands (AYI) is projected to announce quarterly earnings of $4.20 per share, reflecting a 12% year-over-year increase, with revenues expected to reach $1.02 billion, a 1.6% increase from the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating analysts have reassessed their initial estimates [1] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong relationship between earnings estimate revisions and short-term stock price performance [1] Revenue Projections - The consensus estimate for Acuity Brands Lighting (ABL) revenues stands at $918.92 million, suggesting a year-over-year decline of 2.3% [2] - Revenues for the Intelligent Spaces Group (ISG) are projected to reach $76.42 million, indicating a year-over-year increase of 16.1% [2] Profit Estimates - Analysts expect the adjusted operating profit for the Intelligent Spaces Group to be approximately $14.25 million, up from $12.80 million reported in the same quarter last year [2] - The adjusted operating profit for Acuity Brands Lighting is anticipated to be $161.47 million, compared to $159.70 million in the same quarter last year [3] Stock Performance - Over the past month, Acuity Brands shares have recorded a return of -9.2%, contrasting with the Zacks S&P 500 composite's +2.7% change [3] - Based on its Zacks Rank 3 (Hold), Acuity Brands is expected to perform in line with the overall market in the upcoming period [3]