Analysts at Oppenheimer provided a review on Acuity Brands, Inc. (NYSE:AYI) following the company’s recent Q3 results, highlighted by a material revenue and operating profit upside.

Quarterly EPS came in at $3.52, better than the Street estimate of $2.96, and revenue at $1.1 billion, compared to the Street estimate of $985.42 million. ABL revenue rose 19% year-over-year to $1.01 billion, and ISG revenue rose 5% to $58 million.

The analysts raised their full 2022-year EPS estimate to $12.62 to $11.55, and their 2023-year estimate to $13.45 from $12.45, and established a 2024-year EPS estimate of $14.65.

The analysts maintained their outperform rating and $210 price target on the company’s shares.