Acuity Brands, Inc. (AYI - Free Report) is the North American market leader and one of the world`s leading providers of indoor and outdoor lighting and energy management solutions. The company designs, produces, and distributes various lighting solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally.

Management remains focused on generating higher operating margins as volume grows. Volume leverage and productivity are the drivers of the margin expansion. AYI also makes investments in product development that are increasingly digital in nature. This will support growth including tooling for new products, expansion and electronic capacity.

Investors should also note that the earnings estimate for AYI has remained stable in the past 30 days. Again, AYI has posted positive earnings surprise in three of the past four quarters, with an average surprise of 4.30%.

ACUITY BRANDS Price and EPS Surprise

ACUITY BRANDS Price and EPS Surprise | ACUITY BRANDS Quote

Currently, AYI has a Zacks Rank #3 (Hold), but that could definitely change following its earnings report which was just released. 

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: AYI missed on earnings. Our consensus earnings estimate called for EPS of $2.27 per share, and the company reported EPS of $2.09 instead.

Revenues: AYI reported revenues of $925.5 million. This missed our consensus estimate of $948.26 million.

Stock Price: Shares stayed inactive during pre-market trading.