Apogee Enterprises Inc reports results for the quarter ended May 31 - Earnings Summary

• Apogee Enterprises Inc APOG.OQ reported quarterly adjusted earnings of 56 cents​​ per share for the quarter ended May 31, lower than the same quarter last year, when the company reported EPS of $1.44. The mean expectation of four analysts for the quarter was for earnings of 47 cents per share. Wall Street expected results to range from 38 cents to 51 cents per share.

• Revenue rose 4.6% to $346.62 million from a year ago; analysts expected $325.48 million.

• Apogee Enterprises Inc's reported EPS for the quarter was a loss of 13 cents​.

• The company reported a quarterly loss of $2.69 million.

• Apogee Enterprises Inc shares had fallen by 14.4% this quarter and lost 44.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 52.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the construction supplies & fixtures peer group is also "buy"

• Wall Street's median 12-month price target for Apogee Enterprises Inc is $54.00, about 26.5% above its last closing price of $39.67

This summary was machine generated from LSEG data June 27 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)