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Abhoy Sarkar's Avatar
published in Blogs
Dec 26, 2022

Apogee (APOG, $43.87) beats fiscal Q3 expectations

Apogee Enterprises, Inc. posted adjusted earnings of $1.07 for third-quarter fiscal 2023, exceeding the Zacks Consensus Estimate of 98 cents (according to Zacks Equity Research). The figure was 63 cents per share in the year-ago quarter.

Revenues rose +10.2% from the year-ago quarter to $368 million, topping the Zacks Consensus Estimate of $355 million (according to Zacks Equity Research).

The Architectural Framing Systems segment’s revenue rose around +17% year-over-year to $165 million, primarily due to inflation's impact on pricing. Architectural Glass business revenue grew +10% from the prior-year quarter to $81.5 million. Revenue from the Architectural Services segment was down -3% from the year-ago quarter to $102 million. The Large-Scale Optical Technologies segment also experienced a -3% dip year-over-year to $27 million.

For fiscal 2023, Apogee projects adjusted EPS in the range of $3.90 and $4.05, vs. prior guidance of $3.75 to $4.05. The company is expecting revenue growth of 10% for the year, to be driven by Architectural Framing Systems. Capital expenditure is anticipated to be $40 million.

Related Ticker: APOG

APOG sees MACD Histogram just turned negative

APOG saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on May 31, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 43 instances where the indicator turned negative. In of the 43 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on May 01, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on APOG as a result. In of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The 50-day moving average for APOG moved below the 200-day moving average on May 01, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where APOG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for APOG entered a downward trend on May 31, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator entered the oversold zone -- be on the watch for APOG's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where APOG advanced for three days, in of 330 cases, the price rose further within the following month. The odds of a continued upward trend are .

APOG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.075) is normal, around the industry mean (5.466). P/E Ratio (7.955) is within average values for comparable stocks, (23.365). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.049). Dividend Yield (0.025) settles around the average of (0.025) among similar stocks. P/S Ratio (0.574) is also within normal values, averaging (1.535).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. APOG’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. APOG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 72, placing this stock worse than average.

Notable companies

The most notable companies in this group are Johnson Controls International plc (NYSE:JCI), Owens Corning (NYSE:OC), Alpha Pro Tech Ltd (ASE:APT).

Industry description

The industry manufactures products used in the construction of residential and commercial buildings. The process involves using materials and other products, and processing them to create finished items such as doors, windows, light fittings, floor coverings, climate control products and other building components and home improvement products. Masco Corporation, Allegion PLC and Lennox International Inc. are major manufacturers of such products.

Market Cap

The average market capitalization across the Building Products Industry is 7.63B. The market cap for tickers in the group ranges from 14.02K to 55.35B. DKILY holds the highest valuation in this group at 55.35B. The lowest valued company is MTWD at 14.02K.

High and low price notable news

The average weekly price growth across all stocks in the Building Products Industry was -2%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 6%. ARLO experienced the highest price growth at 6%, while VIEW experienced the biggest fall at -31%.

Volume

The average weekly volume growth across all stocks in the Building Products Industry was 93%. For the same stocks of the Industry, the average monthly volume growth was 51% and the average quarterly volume growth was 114%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 48
P/E Growth Rating: 55
Price Growth Rating: 53
SMR Rating: 53
Profit Risk Rating: 72
Seasonality Score: 10 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a maker of window systems and curtainwall

Industry BuildingProducts

Profile
Fundamentals
Details
Industry
Building Products
Address
4400 West 78th Street
Phone
+1 952 835-1874
Employees
4900
Web
https://www.apog.com
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APOG and

Correlation & Price change

A.I.dvisor indicates that over the last year, APOG has been closely correlated with GMS. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if APOG jumps, then GMS could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To APOG
1D Price
Change %
APOG100%
-2.12%
GMS - APOG
73%
Closely correlated
-3.56%
MAS - APOG
72%
Closely correlated
-3.34%
OC - APOG
69%
Closely correlated
-2.73%
BECN - APOG
69%
Closely correlated
-3.85%
NX - APOG
67%
Closely correlated
-1.32%
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