Apogee (APOG) Reports Earnings Tomorrow: What To Expect

APOG Cover Image

Architectural products company Apogee (NASDAQ: APOG) will be reporting earnings this Thursday afternoon. Here’s what investors should know.

Apogee beat analysts’ revenue expectations by 6.3% last quarter, reporting revenues of $346.6 million, up 4.6% year on year. It was an incredible quarter for the company, with a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ revenue estimates.

Is Apogee a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Apogee’s revenue to grow 2.5% year on year to $350.9 million, a reversal from the 3.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.84 per share.

Apogee Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Apogee has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time since going public by 6.3% on average.

With Apogee being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for building products stocks. However, investors in the segment have had steady hands going into earnings, with share prices up 1.8% on average over the last month. Apogee’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $52 (compared to the current share price of $42.89).

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