What Happened?
Shares of architectural products company Apogee (NASDAQ: APOG) fell 10.7% in the morning session after the company reported mixed first-quarter 2025 results: Looking ahead, the full-year earnings forecast wasn't great. The company guided well below the previous year, blaming tariffs. On the other hand, Apogee blew past analysts' EBITDA expectations, and its revenue outperformed Wall Street's estimates by a wide margin. Overall, we think this was a decent quarter with some key metrics above expectations.
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What The Market Is Telling Us
Apogee’s shares are somewhat volatile and have had 11 moves greater than 5% over the last year. But moves this big are rare even for Apogee and indicate this news significantly impacted the market’s perception of the business.
The biggest move we wrote about over the last year was 4 months ago when the stock dropped 17% on the news that the company reported underwhelming calendar fourth-quarter 2024 results. Sales were flat year on year, and this weighed on profits as operating margin fell. In addition, its full-year EPS guidance slightly missed, suggesting the weakness might be more pronounced in the coming quarters. Overall, we think this was a challenging quarter.
Apogee is down 41.5% since the beginning of the year, and at $41.71 per share, it is trading 52.2% below its 52-week high of $87.22 from November 2024. Investors who bought $1,000 worth of Apogee’s shares 5 years ago would now be looking at an investment worth $2,225.
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