Will Acuity Brands Beat These Analyst Estimates?

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Acuity Brands (NYS: 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.

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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.

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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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The article Will Acuity Brands Beat These Analyst Estimates? originally appeared on Fool.com.

Seth Jaysonhad no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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