Acuity Brands, Inc. (AYI)
AYI Price and Sentiment
AYI Latest news
Acuity Brands, a leading provider of commercial and institutional lighting and building management solutions has seen its stock price rise by almost 17% over the last week (five trading days). In comparison, the S&P 500 was up by just about 1% over the same period.
Acuity Brands, Inc. presents itself as an industrial technology offering building management systems, lighting, and location-aware applications. I expect the management to be sufficiently smart to create a competitive cost structure and improve productivity and cost-effective lighting solutions.
The stock price of Acuity Brands, Inc. (NYSE: AYI) increased by over 14% over the past few trading days. This is why it happened.
Acuity Brands' (AYI) fiscal fourth-quarter 2021 results benefit from go-to-market channels, product portfolio and the broader economy.
On Wednesday, Acuity Brands Inc. (NYSE:AYI) shares soared more than 12% after announcing its most recent quarterly results. The company reported its fiscal Q4 revenue and earnings before markets opened, beating analyst expectations.
Acuity Brands, Inc.'s (AYI) CEO Neil Ashe on Q4 2021 Results - Earnings Call Transcript
Shares of Acuity Brands Inc (NYSE: AYI) jumped 15% on Wednesday morning as the lighting and building management firm reported market-beating results for its fiscal fourth quarter. Q4 financial performance Acuity Brands said its net income in Q4 printed at $98.1 million that translates to $2.72 per share.
Acuity Brands (AYI) delivered earnings and revenue surprises of 13.15% and 1.76%, respectively, for the quarter ended August 2021. Do the numbers hold clues to what lies ahead for the stock?
Acuity Brands, Inc. (NYSE: AYI) reported fourth-quarter FY21 sales growth of 11.4% year-over-year to $992.7 million, beating the consensus of $963.96 million. The gross margin expanded by 10 bps to 42.2%, impacted by higher material, labor, and freight costs.