Acuity Brands (NYSE:AYI) will announce earnings results on Wednesday. Last quarter, the company beat revenue expectations by 3.1%, reporting revenues of $1.18 billion, up 21.7% year on year. Analysts expect revenue to grow 19% this quarter to $1.23 billion, with adjusted earnings at $4.84 per share. Despite missing revenue estimates five times in the past two years, analysts are generally reconfirming their estimates. Acuity Brands is the first in its industry to report earnings this season, with shares up 2% on average in the last month. Consider reading our free analysis on a promising enterprise software stock leveraging AI capabilities.

Read more at Barchart: What To Look For From AYI