TGLS - Apogee Enterprises: A Downgrade Is Not Too Far Off
2024-06-25 10:21:58 ET
Summary
- Apogee Enterprises stock has seen significant appreciation, outperforming the market in recent years.
- Recent financial results show mixed performance, with revenue growth but net income has been challenged due to one-time costs.
- Analysts expect a decline in revenue and earnings per share for the first quarter of the company's 2025 fiscal year.
- But shares could still make sense to own at today's price.
One of the bad things about investing is that, at some point or another, a good opportunity becomes a neutral one or a bad one. This is not necessarily because of a negative change in the quality of the business in question. Sometimes, it is the result of shares appreciating significantly. One company that is not quite at the point of a downgrade, but that is probably getting close, is Apogee Enterprises ( APOG ), a business that's focused on the production and sale of windows, curtain walls, high performance glass, and similar related offerings....
Apogee Enterprises: A Downgrade Is Not Too Far Off