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Apogee (APOG) To Report Earnings Tomorrow: Here Is What To Expect

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Architectural products company Apogee (NASDAQ: APOG) will be announcing earnings results this Friday before market hours. Here’s what you need to know.

Apogee beat analysts’ revenue expectations last quarter, reporting revenues of $351.4 million, up 1.6% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ adjusted operating income estimates and full-year revenue guidance exceeding analysts’ expectations.

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

This quarter, the market is expecting Apogee’s revenue to decline 4.3% year on year, a reversal from the 4.6% increase it recorded in the same quarter last year.

Apogee Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Apogee rarely misses Wall Street’s revenue estimates.

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 unfold for building products stocks. However, there has been positive investor sentiment in the segment, with share prices up 3.3% on average over the last month. Apogee is up 14% during the same time .

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