Workflow
Why Apogee Enterprises (APOG) is a Top Momentum Stock for the Long-Term
ApogeeApogee(US:APOG) ZACKSยท2024-07-16 14:51

Core Insights - Zacks Premium offers tools for investors to enhance their stock market engagement and confidence through various research services [1] Zacks Style Scores - Zacks Style Scores are indicators that assist investors in selecting stocks likely to outperform the market within 30 days, rated from A to F based on value, growth, and momentum [2] - The Value Score identifies attractive and discounted stocks using ratios like P/E, PEG, and Price/Sales [2] - The Growth Score focuses on a company's future prospects by analyzing projected and historical earnings, sales, and cash flow [3] - The Momentum Score helps investors capitalize on price trends, utilizing factors like one-week price change and monthly earnings estimate changes [3] - The VGM Score combines the three Style Scores to identify stocks with the best value, growth, and momentum characteristics [4] Zacks Rank and Style Scores Interaction - The Zacks Rank is a proprietary model that uses earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, outperforming the S&P 500 [5] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal success [6] Company Spotlight: Apogee Enterprises (APOG) - Apogee Enterprises is recognized for its architectural products and services, including architectural glass and aluminum framing systems [7] - APOG holds a 1 (Strong Buy) Zacks Rank and a VGM Score of A, with a Momentum Style Score of A, indicating strong performance potential [7] - Recent upward revisions in earnings estimates for fiscal 2025 have increased the Zacks Consensus Estimate by $0.32 to $4.86 per share, with an average earnings surprise of 23.4% [7]