Apogee Enterprises Earnings: Everything You Must Know Now
Apogee Enterprises, Inc. (NASDAQ:APOG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Apogee Enterprises, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share were $0.14 in the quarter.
Revenue: Rose 16.34% to $179.31 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Apogee Enterprises, Inc. reported adjusted EPS income of $0.14 per share. By that measure, the company met the mean analyst estimate of $0.14. It beat the average revenue estimate.
Quoting Management: “Apogee recorded another quarter of strong growth, with revenues up 16 percent and operating income more than doubling,” said Joseph F. Puishys, Apogee chief executive officer. “Our operating margin increased 190 basis points to 3.4 percent driven by improvements in volume, pricing and productivity.”
Key Stats (on next page)…
Revenue decreased 0.23% from $179.73 million in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is $0.25. For the current year, the average estimate is $0.96.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)