Benzinga | Sep 23, 2021 07:20AM EDT

Recap: Apogee Enterprises Q2 Earnings



Apogee Enterprises(NASDAQ:APOG) stock rose by 0.16% on Wednesday after the company reported its Q2 earnings results on Tuesday, September 21, 2021 at 06:30 AM.

Here's what investors need to know about the announcement.

Earnings

Apogee Enterprises missed their estimated earnings by 3.64%, which did not surprise analysts.

Revenue was up $6,314,000 from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.06, which was followed by a 12.21% increase in the share price the next day.

Here's a look at Apogee Enterprises's past performance and the resulting price change:



Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021 Q2 2021EPS Estimate 0.55 0.36 0.56 0.69 0.30EPS Actual 0.53 0.42 0.63 0.90 0.73Price Change % 0.16% 12.21% 3.57% 1.28% -3.96%

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Apogee Enterprises sees FY22 adjusted EPS of $2.20-$2.40.

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