Here's Why Acuity Brands (AYI) is a Strong Momentum Stock

Core Insights - Zacks Premium offers tools for investors to enhance their stock market strategies, including daily updates, research reports, and stock screens [1] - The Zacks Style Scores provide a rating system for stocks based on value, growth, and momentum characteristics, aiding investors in selecting securities with high potential for market outperformance [2][3] Zacks Style Scores Overview - The Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [2] - The Growth Score evaluates stocks based on projected earnings and sales growth, emphasizing financial health [3] - The Momentum Score assesses stocks based on price trends and earnings estimate changes, guiding investors on optimal entry points [3] - The VGM Score combines the three Style Scores to identify stocks with the best overall characteristics [4] Zacks Rank and Style Scores Interaction - The Zacks Rank is a proprietary model that uses earnings estimate revisions to rate stocks, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988 [5] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for maximum return potential [6] Company Spotlight: Acuity Brands (AYI) - Acuity Brands, Inc. is a manufacturer of lighting fixtures and related components, headquartered in Atlanta, GA [7] - AYI holds a Zacks Rank of 3 (Hold) and has a VGM Score of A, indicating solid performance potential [7] - The company has seen a 3% increase in shares over the past four weeks, with upward revisions in earnings estimates for fiscal 2024 [7] - AYI's average earnings surprise stands at 11%, making it a noteworthy option for investors [7][8]