Acuity Brands (NYSE: AYI) is expected to report Q3 earnings on July 2. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Acuity Brands' revenues will expand 7.4% and EPS will grow 27.4%.

The average estimate for revenue is $492.2 million. On the bottom line, the average EPS estimate is $0.79.

Revenue details
Last quarter, Acuity Brands recorded revenue of $457.7 million. GAAP reported sales were 10.0% higher than the prior-year quarter's $416.1 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.57. GAAP EPS of $0.46 for Q2 were 2.2% higher than the prior-year quarter's $0.45 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 39.7%, 30 basis points better than the prior-year quarter. Operating margin was 10.0%, 110 basis points better than the prior-year quarter. Net margin was 4.3%, 50 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $1.95 billion. The average EPS estimate is $3.00.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 197 members out of 213 rating the stock outperform, and 16 members rating it underperform. Among 64 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give Acuity Brands a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Acuity Brands is outperform, with an average price target of $56.30.

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