Acuity Manufacturers (AYI) got here out with quarterly earnings of $4.30 per share, beating the Zacks Consensus Estimate of $4.19 per share. This compares to earnings of $3.97 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of two.63%. 1 / 4 in the past, it was anticipated that this lighting maker would publish earnings of $4.10 per share when it truly produced earnings of $4.15, delivering a shock of 1.22%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates 4 instances.
Acuity Manufacturers
The sustainability of the inventory’s speedy value motion based mostly on the recently-released numbers and future earnings expectations will largely rely upon administration’s commentary on the earnings name.
Acuity Manufacturers shares have added about 34.5% because the starting of the 12 months versus the S&P 500’s achieve of 20.8%.
What’s Subsequent for Acuity Manufacturers?
Whereas Acuity Manufacturers has outperformed the market to this point this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist traders handle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified recently.
Empirical analysis exhibits a robust correlation between near-term inventory actions and developments in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested ranking instrument just like the Zacks Rank, which has a formidable observe document of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions development for Acuity Manufacturers: unfavorable. Whereas the magnitude and path of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #4 (Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You possibly can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will probably be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $3.88 on $954.45 million in revenues for the approaching quarter and $16.48 on $3.98 billion in revenues for the present fiscal 12 months.
Traders ought to be conscious of the truth that the outlook for the trade can have a cloth impression on the efficiency of the inventory as nicely. When it comes to the Zacks Business Rank, Constructing Merchandise – Lighting is at the moment within the prime 5% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
Tri Pointe Properties (TPH), one other inventory within the broader Zacks Development sector, has but to report outcomes for the quarter ended September 2024. The outcomes are anticipated to be launched on October 24.
This residence builder is anticipated to publish quarterly earnings of $1.02 per share in its upcoming report, which represents a year-over-year change of +34.2%. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.
Tri Pointe Properties’ revenues are anticipated to be $1.02 billion, up 24% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
