Earnings Preview For Apogee Enterprises
Portfolio Pulse from Benzinga Insights
Apogee Enterprises (NASDAQ:APOG) is scheduled to release its quarterly earnings report on Thursday, 2023-12-21. Analysts predict an EPS of $1.10. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Apogee's stock price has shown varied reactions to earnings reports, with a 1.94% drop after beating EPS last quarter. Over the past year, APOG shares have increased by 20.26%, indicating a generally positive trend for long-term shareholders.
December 20, 2023 | 2:01 pm
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Apogee Enterprises is expected to report an EPS of $1.10 in its upcoming earnings, with investors anticipating an earnings beat and positive future guidance. The stock has risen 20.26% over the past year, showing a positive trend despite mixed reactions to past earnings.
Given the anticipation of an earnings beat and positive guidance, there is a potential for a positive short-term impact on APOG's stock price. However, the stock's past performance shows that it can react negatively even after beating EPS estimates, as seen with the 1.94% drop last quarter. The overall 20.26% increase over the past year suggests a positive sentiment among long-term investors, which could mitigate any negative reaction to the earnings report.
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