Acuity Brands Likely To Report Lower Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Acuity Brands, Inc. (NYSE:AYI) is expected to report lower Q4 earnings for fiscal 2023 on Oct. 4, 2023. Analysts predict earnings of $3.72 per share, down from $3.95 per share in the previous year, and revenue of $1.02 billion, down from $1.11 billion. The company's shares closed at $167.38 on Tuesday. Analysts from Baird, Oppenheimer, and Goldman Sachs have recently adjusted their price targets for AYI.
October 04, 2023 | 6:20 am
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Acuity Brands is expected to report lower Q4 earnings, which may impact its stock price. Analysts have recently adjusted their price targets for the company.
The expected decrease in earnings and revenue for Acuity Brands could negatively impact investor sentiment and the company's stock price. Additionally, recent adjustments in price targets by analysts may also influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100