Are You Looking for a Top Momentum Pick? Why Acuity Brands (AYI) is a Great Choice

Company Overview - Acuity Brands (AYI) currently holds a Momentum Style Score of B, indicating a positive momentum outlook for the company [1] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [2] Price Performance - AYI shares have increased by 13.64% over the past week, significantly outperforming the Zacks Building Products - Lighting industry, which rose by 2.95% during the same period [3] - Over the last month, AYI's stock price has changed by 19.36%, compared to a mere 0.4% increase in the industry [3] - In the longer term, AYI shares have gained 21.06% over the past quarter and 72.47% over the last year, while the S&P 500 has only moved 4.49% and 34.55%, respectively [4] Trading Volume - AYI's average 20-day trading volume is 311,387 shares, which serves as a bullish indicator when combined with rising stock prices [4] Earnings Estimates - In the past two months, three earnings estimates for AYI have been revised upwards, while none have been revised downwards, leading to an increase in the consensus estimate from $16.50 to $16.66 [5] - For the next fiscal year, one estimate has moved upwards, while one has been revised downwards [5] Conclusion - Given the positive price trends and earnings outlook, AYI is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [6]