US Stocks Open Higher As Dow Jumps 550 Points
U.S. stocks traded higher this morning, with the Dow Jones climbing more than 550 points on Tuesday.
Recap: Acuity Brands Q4 Earnings
Acuity Brands (NYSE:AYI) reported its Q4 earnings results on Tuesday, October 4, 2022 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Acuity Brands beat estimated earnings by 10.34%, reporting an EPS of $3.95 versus an estimate of $3.58.
Acuity Brands Q4 EPS $3.95 Beats $3.58 Estimate, Sales $1.11B Beat $1.08B Estimate
Acuity Brands (NYSE:AYI) reported quarterly earnings of $3.95 per share which beat the analyst consensus estimate of $3.58 by 10.34 percent. This is a 20.8 percent increase over earnings of $3.27 per share from the same
US Stock Futures Higher After Monday’s Rally; Factory Orders, JOLTS Data In Focus
Pre-open movers
U.S. stock futures traded higher in early pre-market trade on Tuesday after recording sharp gains in the previous session. The Dow Jones jumped by more than 750 points, while the Nasdaq Composite surged around 240 points on Monday. The Dow Jones recorded the best session since June 24, while it was the best day since July 27 for the S&P 500.
Earnings Scheduled For October 4, 2022
Companies Reporting Before The Bell
• Acuity Brands (NYSE:AYI) is expected to report quarterly earnings at $3.58 per share on revenue of $1.08 billion.
Acuity Brands, Rivian And 3 Stocks To Watch Heading Into Tuesday
With US stock futures trading higher this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
Ethereum Tops This Major Level, Here Are Other Crypto Movers That Should Be On Your Radar Today
Bitcoin (CRYPTO: BTC), the most valued cryptocurrency in the world, traded higher this morning, approaching the major $20,000 level.
Analyst Ratings for Acuity Brands
Over the past 3 months, 6 analysts have published their opinion on Acuity Brands (NYSE:AYI) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
Credit Suisse Maintains Outperform on Acuity Brands, Lowers Price Target to $200
Credit Suisse analyst John Walsh maintains Acuity Brands (NYSE:AYI) with a Outperform and lowers the price target from $211 to $200.
Baird Maintains Outperform on Acuity Brands, Raises Price Target to $190
Baird analyst Timothy Wojs maintains Acuity Brands (NYSE:AYI) with a Outperform and raises the price target from $188 to $190.