Top Wall Street Forecasters Revamp Acuity Expectations Ahead Of Q4 Earnings

Core Viewpoint - Acuity Inc. is set to release its fourth-quarter earnings results on October 1, with expectations of increased earnings and revenue compared to the previous year [1]. Financial Performance - Analysts predict Acuity will report earnings of $4.84 per share for the fourth quarter, an increase from $4.30 per share in the same period last year [1]. - The company is projected to generate quarterly revenue of $1.23 billion, up from $1.03 billion a year earlier [1]. - Acuity reported better-than-expected third-quarter financial results on June 26 [1]. Stock Performance - Acuity's shares rose by 0.1% to close at $339.11 on Monday [2]. Analyst Ratings - Baird analyst Timothy Wojs maintained a Neutral rating and raised the price target from $335 to $360 [4]. - Wells Fargo analyst Joseph O'Dea upgraded the stock from Equal-Weight to Overweight and increased the price target from $320 to $380 [4]. - Oppenheimer analyst Christopher Glynn maintained an Outperform rating and raised the price target from $370 to $380 [4].