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's revenues will grow 6.3% and EPS will expand 6.1%.
The average estimate for revenue is $518.4 million. On the bottom line, the average EPS estimate is $0.87.
Last quarter, Acuity Brands booked revenue of $486.7 million. GAAP reported sales were 6.3% higher than the prior-year quarter's $457.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.62. GAAP EPS of $0.57 for Q2 were 24% higher than the prior-year quarter's $0.46 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 39.0%, 70 basis points worse than the prior-year quarter. Operating margin was 9.3%, 70 basis points worse than the prior-year quarter. Net margin was 5.1%, 80 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $2.04 billion. The average EPS estimate is $3.22.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 198 members out of 214 rating the stock outperform, and 16 members rating it underperform. Among 67 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 63 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 hold, with an average price target of $66.25.
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