Benzinga | Jun 24, 2021 10:26AM EDT

Apogee Enterprises Earnings Preview

Apogee Enterprises (NASDAQ:APOG) announces its next round of earnings this Friday, June 25. Here is Benzinga's everything-that-matters guide for this Friday's Q1 earnings announcement.

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

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Apogee Enterprises EPS is expected to be around $0.36, according to sell-side analysts. Sales will likely be near $291.55 million. Apogee Enterprises EPS in the same period a year ago totaled $0.15. Sales were $289.10 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 Wall Street consensus estimate for earnings would represent a 140.0% increase for the company. Revenue would be have grown 0.85% from the same quarter last year. The company's reported EPS has stacked up against analyst estimates in the past like this: Quarter Q4 2021 Q3 2020 Q2 2020 Q1 2020EPS Estimate 0.56 0.69 0.30 0.20EPS Actual 0.63 0.90 0.73 0.15Revenue Estimate 310.22 M 327.41 M 314.73 M 304.52 MRevenue Actual 308.61 M 313.58 M 319.48 M 289.10 M

Stock Performance

For a full 12 months, the return has risen by 82.71%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

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.