Apogee Enterprises Beats Up on Analysts Yet Again
Apogee Enterprises (NAS: APOG) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 3 (Q4), Apogee Enterprises met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased.
Margins grew across the board.
Apogee Enterprises booked revenue of $168.7 million. The four analysts polled by S&P Capital IQ expected a top line of $167.3 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $147.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.11. The four earnings estimates compiled by S&P Capital IQ anticipated $0.06 per share. GAAP EPS were $0.11 for Q4 compared to -$0.16 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.4%, 370 basis points better than the prior-year quarter. Operating margin was 1.6%, 540 basis points better than the prior-year quarter. Net margin was 1.8%, 480 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $169.8 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $719.8 million. The average EPS estimate is $0.59.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 238 members out of 256 rating the stock outperform, and 18 members rating it underperform. Among 72 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 67 give Apogee Enterprises a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Apogee Enterprises is outperform, with an average price target of $17.00.
Can your retirement portfolio provide you with enough income to last? You'll need more than Apogee Enterprises. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.
- Add Apogee Enterprises to My Watchlist.
At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.