Acuity Brands Q3 Adj EPS $3.75 Beats $3.71 Estimate, Sales $1.00B Miss $1.05B Estimate
Portfolio Pulse from Benzinga Newsdesk
Acuity Brands (NYSE:AYI) reported Q3 earnings of $3.75 per share, beating the analyst consensus estimate of $3.71 by 1.08 percent. This is a 6.53 percent increase from the same period last year. However, the company's quarterly sales of $1.00 billion missed the analyst consensus estimate of $1.05 billion by 4.76 percent, marking a 5.75 percent decrease from the same period last year.
June 29, 2023 | 10:02 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Acuity Brands reported better than expected Q3 earnings but missed on sales. This mixed report could lead to uncertainty in the market.
Acuity Brands reported a higher than expected EPS, which is a positive signal for investors. However, the company missed on sales, which could be a concern. The mixed results could lead to uncertainty in the market, potentially impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100