For more than three years, commercial glassmaker Apogee
What analysts say:
- Buy, sell, or waffle? Only two analysts still track Apogee, down one from last quarter, but both of them rate it a buy.
- Revenues. On average, they expect to see 7% sales growth to $224.4 million.
- Earnings. Profits are predicted to grow twice as fast, to reach $0.40 per share.
What management says:
Honestly, I have to say first that I'm a little bored with this stock. Every quarter, it's "outperformed this," "exceeded that," and "raised guidance on the other thing." It's enough to get a Fool hoping for an earnings miss, just to shake things up a bit!
Most recently, Apogee's second-quarter report had the company posting another 20%-sales growth quarter, with earnings up 50%, and guidance raised to somewhere between $1.43 and $1.53 per share for the year. [Yawn.]
What management does:
Seems Corning
How dramatically? This dramatically:
6/06 |
9/06 |
12/06 |
3/07 |
6/07 |
9/07 |
|
---|---|---|---|---|---|---|
Gross |
19.1% |
19.3% |
19.3% |
19.1% |
19.8% |
20.4% |
Operating |
4.9% |
5.1% |
5.8% |
6.1% |
6.8% |
7.3% |
Net |
3.6% |
3.8% |
3.7% |
4.1% |
4.8% |
5.1% |
One Fool says:
The question, of course, is how long can Apogee keep this growth story going? Is it (pardon the obscure pun) reaching its zenith? Or will business boom long enough for the company's margins to approach those earned by rival PPG Industries
After all, with sales struggling at companies tied to residential construction -- Home Depot
But CEO Russell Huffer gave not a hint of this last quarter. Instead, he highlighted revenue that "increased significantly due to strong project flow and a low level of project delays" in Q2. More importantly, Huffer observed that Apogee saw "high levels of bidding activity for future architectural business," which suggests that the good times aren't over yet.
What did we expect to see in Apogee's results last quarter? What did we get? Find out in: