Acuity Brands Likely To Report Lower Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Acuity Brands, Inc. AYI is expected to release financial results for its fiscal 2023 fourth quarter before the opening bell on Oct. 4, 2023.

Analysts expect the company to post quarterly earnings at $3.72 per share, down from year-ago earnings of $3.95 per share. The company’s revenue might come in at $1.02 billion, compared to $1.11 billion in the year-ago period.

Acuity Brands shares gained 0.1% to close at $167.38 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Baird analyst Timothy Wojs maintained a Neutral rating and cut the price target from $175 to $170 on Sept. 21, 2023. This analyst has an accuracy rate of 63%.
• Oppenheimer analyst Christopher Glynn reiterated an Outperform rating with a price target of $210 on April 11, 2023. This analyst has an accuracy rate of 78%.
• Goldman Sachs analyst Brian Lee maintained a Neutral rating and cut the price target from $201 to $173 on April 5, 2023. This analyst has an accuracy rate of 74%.

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