Top Wall Street Forecasters Revamp Acuity Expectations Ahead Of Q1 Earnings
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Acuity Inc. (NYSE:AYI) is set to release its Q1 earnings on Jan. 8, 2025, with analysts predicting earnings of $4.59 per share and revenue of $1.14 billion. This marks an increase from $3.97 per share and $951.6 million a year ago. Despite a 17.1% growth in Q4 net sales to $1.21 billion, it fell short of expectations. Acuity's shares rose 0.9% to $376.69. Analysts from Morgan Stanley, Goldman Sachs, Wells Fargo, Oppenheimer, and Baird have adjusted their price targets, reflecting a generally positive outlook for the stock.
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