Acuity Brands (AYI) Q4 Earnings and Revenues Beat Estimates

Company Performance - Acuity Brands reported quarterly earnings of $4.30 per share, exceeding the Zacks Consensus Estimate of$ 4.19 per share, and up from $3.97 per share a year ago, representing an earnings surprise of 2.63% [1] - The company achieved revenues of$ 1.03 billion for the quarter ended August 2024, surpassing the Zacks Consensus Estimate by 2.32% and compared to $1.01 billion in the same quarter last year [1] - Over the last four quarters, Acuity Brands has consistently surpassed consensus EPS estimates four times and revenue estimates three times [1] Stock Performance - Acuity Brands shares have increased approximately 34.5% since the beginning of the year, outperforming the S&P 500's gain of 20.8% [2] - The current consensus EPS estimate for the upcoming quarter is$ 3.88 on revenues of $954.45 million, and for the current fiscal year, it is$ 16.48 on revenues of $3.98 billion [4] Industry Outlook - The Building Products - Lighting industry, to which Acuity Brands belongs, is currently ranked in the top 5% of over 250 Zacks industries, indicating a favorable outlook [5] - Empirical research suggests that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [5]