acuitybrands
Key Points Acuity Brands’ mixed quarter is offset by margin improvement and earnings strength.The company bought back more than 4.25% of the market cap in the 1st 9 months of the year.Institutional support is high and growing, consistent with a bottom in the price action.5 stocks we like better than Acuity BrandsAcuity Brands (NYSE:AYI) helped light up an opportunity in the industrial sector when it reported earnings in late June. The industrial sector is 1 of only 5 sectors expected to report earnings growth in 2023 and is seeing robust upward revisions. Revisions are driven by results from A...
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Acuity Brands Wobbles After Strong Q3 ResultsAcuity Brands (NYSE:AYI) has been in a downtrend for the last two quarters for no other reason than fear of slowing growth, tightening margins, and earnings weakness but those fears were overblown. The move downward was driven in large part by institutions that were selling heavily in the first quarter of the year. Now that the company has outperformed expectations for the first half of the year and given no indication of upcoming weakness we think there is a bottom in play. Not only do the results suggest a higher valuation is warranted but the ins...
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The Institutions Are Shedding Acuity BrandsIf you are asking yourself why did Acuity Brands, Inc. (NYSE:AYI) fall 10% after reporting a better than expected quarter you are not alone. It took us a little bit of digging ourselves and the best we can come up with is the institutions are selling the stock. The institutions have been net sellers of the stock for the last 3 quarters and the Q1 period of 2022 saw some fairly heavy action. The sum of selling over the past 3 quarters is worth about 5.6% of the market cap with shares at their new low with about 200 basis points of that action in the ca...
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