NEW YORK (TheStreet) -- Acuity Brands Inc. (AYI) is scheduled to release its 2015 fiscal third quarter earnings results before the market open on Wednesday morning. The lighting solutions provider is expected to post a year-over-year rise in earnings per share and revenue for the most recent quarter.
Acuity Brands has been forecast to report earnings of $1.34 per share on revenue of $686.94 million for the quarter ended May 2015.
Last year, the company said its adjusted earnings were $1 per diluted share on net sales of $603.9 million for the fiscal 2014 third quarter.
Shares of Acuity Brands closed up by 0.40% to $179.98 on Tuesday afternoon.
Acuity Brands is an Atlanta-based consumer goods and services company whose lighting solutions devices include luminaires, lighting controls, power supplies, LED lamps and skylights.
Separately, TheStreet Ratings team rates ACUITY BRANDS INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate ACUITY BRANDS INC (AYI) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. 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 good cash flow from operations. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."