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Is Acuity Brands (AYI) Stock Outpacing Its Construction Peers This Year?
Acuity BrandsAcuity Brands(US:AYI) Zacks Investment Researchยท2024-05-06 14:46

Company Performance - Acuity Brands (AYI) has gained approximately 24.2% year-to-date, significantly outperforming the average gain of 8.8% in the Construction sector [2] - The Zacks Consensus Estimate for AYI's full-year earnings has increased by 5.5% over the past 90 days, indicating improving analyst sentiment [2] - Acuity Brands holds a Zacks Rank of 1 (Strong Buy), suggesting a favorable outlook for the stock [1] Industry Comparison - Acuity Brands is part of the Building Products - Lighting industry, which has seen a year-to-date gain of about 22.8%, indicating strong performance relative to its peers [3] - The AZEK Company, another stock in the Construction sector, has a year-to-date return of 21.6% and a Zacks Rank of 2 (Buy), showcasing competitive performance within the sector [2][3] - The Building Products - Air Conditioner and Heating industry, to which The AZEK Company belongs, is ranked 18 and has gained 12.2% year-to-date, which is lower than the performance of Acuity Brands' industry [3]