Architectural Services Company Apogee Smashes Q2 Expectations, Hikes FY25 EPS Outlook Despite Revenue Dip
Portfolio Pulse from Lekha Gupta
Apogee Enterprises, Inc. (NASDAQ:APOG) exceeded Q2 expectations with sales of $342.4 million, surpassing the consensus estimate. Despite a 3.2% revenue dip, the company improved its gross margin and raised its FY25 EPS outlook. Apogee's shares rose 9.601% premarket. Investors can also access the stock via ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV).
October 04, 2024 | 11:44 am
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Apogee Enterprises exceeded Q2 expectations with sales of $342.4 million, beating estimates. Despite a revenue dip, the company improved margins and raised its FY25 EPS outlook, leading to a 9.601% premarket share increase.
Apogee's better-than-expected Q2 results and raised FY25 EPS outlook are positive indicators for investors, leading to a significant premarket share price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
ProShares Russell 2000 Dividend Growers ETF (SMDV) offers exposure to Apogee Enterprises, which reported strong Q2 results and raised its FY25 EPS outlook.
SMDV includes Apogee Enterprises, which reported strong Q2 results, potentially benefiting the ETF's performance.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50