The company, which provides lighting solutions for commercial, industrial, institutional, and residential applications, posted third quarter earnings of $43.8 million, or $1.01 per share, missing the FactSet consensus estimate of $1.13 per share.
Acuity Brands' sales for the most recent quarter was $603.9 million, compared to the consensus estimate of $609 million.
Must Read: Warren Buffett's 25 Favorite Stocks
Separately, TheStreet Ratings team rates ACUITY BRANDS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate ACUITY BRANDS INC (AYI) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows: