Apogee Enterprises: Q2 Earnings Insights

Apogee Enterprises APOG reported its Q2 earnings results on Tuesday, September 20, 2022 at 06:00 AM.

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

Apogee Enterprises beat estimated earnings by 27.71%, reporting an EPS of $1.06 versus an estimate of $0.83.

Revenue was up $46.31 million from the same period last year.

Last quarter the company beat on EPS by $0.44 which was followed by a 5.06% increase in the share price the next day.

Here's a look at Apogee Enterprises's past performance:

Quarter	Q1 2023	Q4 2022	Q3 2022	Q2 2022
EPS Estimate	0.56	0.71	0.53	0.55
EPS Actual	1	0.91	0.63	0.53
Revenue Estimate	328.59M	323.33M	314.62M	315.39M
Revenue Actual	356.63M	327.96M	334.22M	325.80M

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).

Apogee Enterprises management provided guidance for FY 2023, expecting earnings between $3.75 and $4.05 per share.

To track all earnings releases for Apogee Enterprises visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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