Acuity Brands (AYI) Q1 Earnings Beat Estimates

Company Performance - Acuity Brands reported quarterly earnings of $3.97 per share, exceeding the Zacks Consensus Estimate of $3.89 per share, and up from $3.72 per share a year ago, representing an earnings surprise of 2.06% [1] - The company posted revenues of $951.6 million for the quarter ended November 2024, slightly missing the Zacks Consensus Estimate by 0.04%, but up from $934.7 million year-over-year [2] - Over the last four quarters, Acuity Brands has surpassed consensus EPS estimates four times and topped consensus revenue estimates two times [2] Stock Outlook - Acuity Brands shares have increased approximately 4% since the beginning of the year, outperforming the S&P 500's gain of 0.5% [3] - The current consensus EPS estimate for the upcoming quarter is $3.66 on revenues of $933.22 million, and for the current fiscal year, it is $16.71 on $4 billion in revenues [7] - The estimate revisions trend for Acuity Brands is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Building Products - Lighting industry, to which Acuity Brands belongs, is currently in the top 37% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]