Acuity Brands Inc. ($AYI) Stock Forecast: Up 2.0% Today

What is Acuity Brands Inc.?

Acuity Brands (AYI) is a company that specializes in lighting and building management solutions. Today, the stock had a strong bullish movement.

Why is Acuity Brands Inc. going up?

AYI stock is up 2.0% on Nov 6, 2024 19:56

• Acuity Brands (AYI) stock saw a strong bullish movement today, possibly driven by positive market sentiment and investor confidence in the company's recent earnings report.
• Information about the stock's performance compared to its sector this year could have also contributed to increased investor interest and buying activity.
• Overall, the bullish movement in Acuity Brands (AYI) stock today may be a result of a combination of favorable market conditions, positive earnings outlook, and comparative sector performance.

AYI Price Chart

AYI Technical Analysis

AYI News

Why Is Acuity Brands ( AYI ) Up 0.6% Since Last Earnings Report?

Acuity Brands (AYI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

https://www.zacks.com/stock/news/2361995/why-is-acuity-brands-ayi-up-06-since-last-earnings-report

Are Construction Stocks Lagging Armstrong World Industries ( AWI ) This Year?

Here is how Armstrong World Industries (AWI) and Acuity Brands (AYI) have performed compared to their sector so far this year.

https://www.zacks.com/stock/news/2361717/are-construction-stocks-lagging-armstrong-world-industries-awi-this-year

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Acuity Brands Inc. Price History

06.10.2024 - AYI Stock was up 2.0%

• Acuity Brands (AYI) stock saw a strong bullish movement today, possibly driven by positive market sentiment and investor confidence in the company's recent earnings report.
• Information about the stock's performance compared to its sector this year could have also contributed to increased investor interest and buying activity.
• Overall, the bullish movement in Acuity Brands (AYI) stock today may be a result of a combination of favorable market conditions, positive earnings outlook, and comparative sector performance.

01.09.2024 - AYI Stock was up 8.9%

• Acuity Brands announced a 2.2% year-over-year growth in net sales for the fiscal fourth quarter of 2024, surpassing analyst projections and fueling the positive market movement.
• The company's adjusted EPS of $4.30 also exceeded analyst forecasts, reflecting a robust financial performance.
• The upbeat earnings and revenue results for the quarter ending August 2024 suggest a favorable outlook for the stock, generating heightened investor attention and driving the upward momentum.
• The company's decision to declare a quarterly dividend further bolstered the positive sentiment surrounding Acuity Brands, attracting a larger influx of investors to the stock.

01.09.2024 - AYI Stock was up 9.6%

• AYI's stock had a strong bullish movement today as its fiscal fourth-quarter earnings and sales surpassed expectations.
• The company's solid ISG contribution, improved cost management, and operational efficiency drove the stock price up.
• Exceeding analyst consensus estimates for net sales growth and adjusted EPS demonstrated AYI's strong performance, boosting investor confidence.
• Positive earnings surprises and optimistic forecast changes from Wall Street analysts further propelled the bullish momentum in AYI's stock price.

10.00.2024 - AYI Stock was up 11.0%

• Despite a decline in sales, Acuity Brands Inc (AYI) achieved margin expansion and EPS growth in the first quarter of 2024. This positive performance contributed to the bullish movement of the stock.
• AYI reported earnings per share of $3.72, surpassing analyst estimates, which further boosted investor confidence and contributed to the bullish movement.
• The upbeat first-quarter earnings report of Acuity Brands Inc (AYI) exceeded expectations, leading to a surge in the stock price.
• The better-than-expected earnings of AYI caused its stock to rise nearly 6%, reaching a 2-year high. This positive news likely attracted more investors and contributed to the bullish market movement.

04.09.2023 - AYI Stock was up 5.6%

• Despite a decline in sales, Acuity Brands (AYI) managed to surpass earnings expectations in the fourth quarter.
• The company's adjusted EPS beat consensus estimates, indicating strong financial performance.
• The positive earnings surprise could be attributed to improved cash flow and margin growth, which offset the decline in revenue.
• However, the missed revenue expectations suggest that Acuity Brands may be facing challenges in generating sales growth.

03.03.2024 - AYI Stock was up 1.2%

• Acuity Brands (AYI) reported impressive second-quarter fiscal 2024 results, with earnings per share beating estimates and margins expanding.
• Despite missing revenue estimates, the strong performance in earnings and margin expansion contributed to the bullish movement in AYI stock.
• The mixed Q2 results, with earnings beating expectations, likely instilled confidence in investors, leading to the bullish market movement.
• The overall positive sentiment surrounding AYI's performance in Q2 could have been the primary driver behind the strong bullish movement in the stock today.

18.09.2023 - AYI Stock was down 5.3%

• The bearish movement in AYI's stock today can be attributed to a combination of factors:
• 1. Soft non-residential markets: an article from Seeking Alpha suggests that AYI's stock was dimmed by softer non-residential markets. This indicates that the company's performance may have been affected by a slowdown in demand for its products in commercial and industrial sectors.
• 2. Downgraded stock rating: an article from Stocknews.com mentions that AYI's stock rating was lowered from "strong-buy" to "buy" by StockNews.com. This downgrade could have influenced investor sentiment and contributed to the bearish movement.
• 3. Technical benchmark: an article from Investors Business Daily highlights that AYI recently cleared a technical benchmark with an upgrade in its relative price strength rating. However, this positive development may not have been enough to offset the negative impact of the other factors mentioned above.
• Overall, the bearish movement in AYI's stock today can be attributed to the softer non-residential markets, a downgraded stock rating, and potentially overshadowed positive technical indicators.

03.03.2024 - AYI Stock was up 4.3%

• AYI stock saw favorable movement following an earnings beat, with adjusted earnings per share increasing by 11% year-over-year.
• Despite a 4.0% year-over-year drop in net sales, the company's profits and margins improved, sparking positive market sentiment.
• The market responded well to the earnings beat and resilient profitability despite a small revenue miss.
• Investors seemed optimistic about the company exceeding both earnings and revenue expectations, driving the bullish movement in AYI stock.

03.05.2024 - AYI Stock was down 5.1%

• Acuity Brands' plan to release its fiscal 2024 third quarter results on June 27, 2024, may have created uncertainty among investors, leading to a bearish sentiment.
• Investors might be cautious due to the upcoming earnings report, potentially anticipating lower-than-expected results or guidance.
• The focus on retirement stocks may have diverted attention from Acuity Brands, causing a lack of positive sentiment and contributing to the bearish movement in the stock price.

27.05.2024 - AYI Stock was up 5.7%

• AYI stock experienced a bullish movement recently.
• The strong earnings performance, surpassing both revenue and EPS estimates, likely boosted investor confidence in the company's future prospects.
• Despite the net sales decline, the market focused on the positive earnings surprise, indicating a more optimistic outlook for Acuity Brands.
• The overall positive sentiment in the market, with US stocks settling higher and the Nasdaq Composite gaining, may have also contributed to the bullish movement in AYI stock.