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APi (APG) Meets Q3 Earnings Estimates
APGAPi (APG) ZACKS·2024-10-31 13:40

Core Points - APi reported quarterly earnings of 0.51pershare,matchingtheZacksConsensusEstimateandshowinganincreasefrom0.51 per share, matching the Zacks Consensus Estimate and showing an increase from 0.48 per share a year ago [1] - The company's revenues for the quarter ended September 2024 were 1.83billion,missingtheZacksConsensusEstimateby1.601.83 billion, missing the Zacks Consensus Estimate by 1.60%, but up from 1.78 billion year-over-year [2] - APi has not surpassed consensus revenue estimates in the last four quarters [2] - The stock has underperformed, losing about 4% since the beginning of the year compared to the S&P 500's gain of 21.9% [3] - The company's earnings outlook is crucial for future stock performance, with current consensus EPS estimates at 0.52forthenextquarterand0.52 for the next quarter and 1.86 for the current fiscal year [4][7] - The Zacks Industry Rank places the Business - Services sector in the top 21% of over 250 Zacks industries, indicating a favorable environment for stock performance [8] Earnings and Revenue Summary - APi's earnings for the latest quarter were 0.51pershare,consistentwithexpectations,andanincreasefromthepreviousyear′s0.51 per share, consistent with expectations, and an increase from the previous year's 0.48 [1] - Revenue for the quarter was 1.83billion,slightlybelowtheconsensusestimate,butanincreasefrom1.83 billion, slightly below the consensus estimate, but an increase from 1.78 billion year-over-year [2] - The company has consistently missed revenue estimates over the past four quarters [2] Future Outlook - The sustainability of APi's stock price movement will depend on management's commentary during the earnings call [3] - The current consensus EPS estimate for the upcoming quarter is 0.52,withprojectedrevenuesof0.52, with projected revenues of 1.89 billion [7] - The Zacks Rank for APi is 2 (Buy), suggesting expected outperformance in the near future [6]