Benzinga | Dec 17, 2020 10:03AM EST

Preview: Apogee Enterprises's Earnings

Apogee Enterprises (NASDAQ:APOG) will be releasing its next round of earnings this Friday, December 18. For all of the relevant information, here is your guide for Friday's Q3 earnings announcement.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Apogee Enterprises EPS is expected to be around $0.69, according to sell-side analysts. Sales will likely be near $327.41 million. Apogee Enterprises EPS in the same period a year ago totaled $0.57. Sales were $337.92 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

The analyst consensus estimate would represent a 21.05% increase in the company's EPS figure. Sales would be down 3.11% on a year-over-year basis. Here is how the company's reported EPS has compared to analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019EPS Estimate 0.30 0.20 0.35 0.76EPS Actual 0.73 0.15 0.51 0.57Revenue Estimate 314.73 M 304.52 M 335.39 M 360.47 MRevenue Actual 319.48 M 289.10 M 337.10 M 337.92 M

Stock Performance

Over the last 52-week period, shares of Apogee Enterprises are up 1.54%.

Do not be surprised to see the stock move on comments made during its conference call. Apogee Enterprises is scheduled to hold the call at 09:00:00 ET and can be accessed here.