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.
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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 of Motley 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.