Acuity Brands, Inc. (NYSE:AYI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Acuity Brands, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 20.45% to $1.06 in the quarter versus EPS of $0.88 in the year-earlier quarter.
Revenue: Rose 12.76% to $579.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Acuity Brands, Inc. reported adjusted EPS income of $1.06 per share. By that measure, the company beat the mean analyst estimate of $1.02. It beat the average revenue estimate of $569.33 million.
Quoting Management: Vernon J. Nagel, Chairman, President and Chief Executive Officer of Acuity Brands, commented, “We were very pleased with our fiscal 2013 fourth quarter and full year results as we continued to execute our strategies to extend our leadership position in North America. We believe our fourth quarter record results for net sales and earnings reflect our ability to provide customers truly differentiated value from our industry-leading portfolio of innovative lighting and control solutions along with superior service.”
Key Stats (on next page)…
Revenue increased 7.07% from $541.5 million in the previous quarter. EPS increased 9.28% from $0.97 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.82 to a profit $0.84. For the current year, the average estimate has moved up from a profit of $3.28 to a profit of $3.31 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)