Here's Why Apogee Enterprises (APOG) is a Strong Momentum Stock

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 rate stocks based on value, growth, and momentum characteristics, helping investors identify stocks likely to outperform the market in the next 30 days [2] - Each stock is rated from A to F, with A indicating the highest potential for outperformance [2] Value Score - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [2] Growth Score - The Growth Score emphasizes a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow [3] Momentum Score - The Momentum Score identifies trends in stock prices and earnings outlooks, helping investors time their stock purchases based on recent price changes and earnings estimate revisions [3] VGM Score - The VGM Score combines the Value, Growth, and Momentum Scores, providing a comprehensive rating that highlights stocks with attractive value, strong growth forecasts, and promising momentum [4] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988 [5] - There are over 800 top-rated stocks available, making it essential for investors to select those 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 a leader in architectural products, providing glass and framing systems for buildings [7] - Currently rated 3 (Hold) on the Zacks Rank, APOG has a VGM Score of A and a Momentum Style Score of B, with shares up 1% over the past four weeks [7] - Recent earnings estimates for fiscal 2024 have been revised higher, with the Zacks Consensus Estimate increasing by $0.12 to $4.61 per share, and an average earnings surprise of 15.9% [7][8]