Why Acuity Brands (AYI) is a Top Value Stock for the Long-Term

Company Overview - Acuity Brands, Inc. is headquartered in Atlanta, GA, and is the parent company of Acuity Brands Lighting, Inc. It manufactures and distributes lighting fixtures and related components, including luminaries, lighting controls, and integrated systems designed for energy efficiency and comfort in various applications [7]. Investment Ratings - Acuity Brands has a Zacks Rank of 2 (Buy) and a VGM Score of B, indicating a favorable investment outlook [7][8]. - The company has a Value Style Score of B, supported by a forward P/E ratio of 16.64, making it attractive for value investors [7]. Earnings Estimates - In the last 60 days, four analysts have revised their earnings estimates upwards for fiscal 2024, with the Zacks Consensus Estimate increasing by $0.81 to $15.60 per share [7]. - Acuity Brands has an average earnings surprise of 11%, suggesting a strong performance relative to expectations [7].