Why Architectural Services Company Apogee Shares Are Trading Higher Today
Portfolio Pulse from Lekha Gupta
Apogee Enterprises, Inc. (NASDAQ:APOG) reported mixed Q1 FY25 results with sales missing estimates but significant improvements in margins and earnings. The company raised its FY25 adjusted EPS outlook and announced cost-saving measures under Project Fortify. Shares rose 9% following the news.
June 27, 2024 | 2:41 pm
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Apogee Enterprises reported Q1 FY25 sales of $331.5 million, missing estimates but showing significant improvements in margins and earnings. The company raised its FY25 adjusted EPS outlook and announced cost-saving measures under Project Fortify. Shares rose 9% following the news.
Despite missing sales estimates, Apogee showed strong improvements in margins and earnings, and raised its FY25 EPS outlook. These positive developments likely contributed to the 9% rise in share price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to Apogee Enterprises through the Pacer US Small Cap Cash Cows Growth Leaders ETF (NASDAQ:CAFG).
The ETF CAFG includes Apogee Enterprises, providing investors a way to gain exposure to the company's stock. The positive news for Apogee could have a favorable impact on the ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30