Acuity Brands Shines With Q3 Earnings

If Acuity Brands’ (AYI) third-quarter earnings report is any indication, this earnings season is going to have its fair share of companies outshine the competition.

Acuity Brands is a leading provider of lighting solutions in North America, Europe and Asia. With 13 indoor and outdoor lighting brands, Acuity serves commercial, institutional, industrial and even residential clients. From roadway lighting to decorative lighting to LED solutions, Acuity Brands has it all covered.

Right now, Acuity’s light is shining especially bright. Just this morning, the company beat analysts’ sales and earnings expectations. Compared with the year ago quarter, net income rose 15% to $74.0 million, or $1.69 per share. Excluding special items, adjusted EPS was $2.06; this beat the $2.03 consensus estimate by 1.5%. Over the same period, net sales jumped 25% to $851.5 million. This beat the $847.8 million consensus estimate by a hair.

As to be expected, investors celebrated these results, driving AYI shares higher today. So even with last week’s Brexit anxiety, AYI shares are trading at an all-time high. This is precisely why Acuity maintains an A-rating in my Portfolio Grader tool. And, top-rated stocks like AYI are why what you want to keep your eyes on as earnings season progresses.

Over the next few weeks, top-rated companies like Acuity will emerge as market leaders, while the majority of the S&P 500 will see their sales and earnings decline. While my Portfolio Grader stock grading tool is an excellent way to assess your holdings, there’s another way to take things a step further. If you really want to stay ahead of the broader market, I urge you to take a look at my Blue Chip Growth service today and decide for yourself if it’s right for you.

And even if you’re not ready to join Blue Chip Growth right now, please stay tuned to this daily blog to discover even more market leaders as we continue separating the wheat from the chaff during this earnings season.

Sincerely,

Louis Navellier

Louis Navellier

More Louis Navellier

Twitter

Facebook

RSS Feed

Little Book

InvestorPlace Network

InvestorPlace.com