Why Apogee Enterprises Stock Cracked Today
Key Points
Apogee missed on Q2 sales this morning, and warned of an earnings miss this year.
Apogee stock pays a nice dividend and costs less than 10x this year's earnings.
- 10 stocks we like better than Apogee Enterprises ›
Apogee Enterprises (NASDAQ: APOG) stock, a manufacturer of architectural glass and metal products for buildings, crashed 13.7% through 11:15 a.m. ET after missing on sales in its Q3 2026 earnings report Wednesday.
Heading into the report, analysts forecast Apogee to earn $1.01 per share, adjusted for one-time items, on sales of $355.3 million. Apogee actually earned $1.02 per share, adjusted, but its sales were only $348.6 million.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »
Image source: Getty Images.
Apogee Q3 earnings
Earnings as calculated according to generally accepted accounting principles (GAAP) were only $0.77 per share, 20% below year-ago earnings. This was despite sales growing 2% year over year, but with weakening profit margins.
CEO Donald Nolan said "higher aluminum, restructuring and health insurance costs" all weighed on results. He insisted Apogee's "strong operational foundation and balance sheet position us to navigate near-term challenges."
The company enjoyed revenue growth in architectural services and glass sales, while its architectural metals segment suffered a 10% decline in sales. Only performance surfaces (coated glass and acrylics) enjoyed strong sales growth, up 60% to $53 million.
Is Apogee stock a buy?
That single segment's strong performance might not save Apogee this year. Turning to guidance, management predicts fiscal 2026 earnings will be between $3.40 and $3.50 per share, after subtracting $0.30 in profit due to tariffs. This would be far below the $3.67 per share Wall Street has been forecasting.
Still, Apogee sales for the year should come close to meeting the Street's $1.4 billion forecast. And even $3.40 in earnings would be enough to give Apogee a price-to-earnings ratio of less than 10. With a 2.8% dividend yield and a 10% long-term earnings growth rate, Apogee doesn't appear overly expensive to me.
Investors may be giving up on Apogee too soon.
Should you buy stock in Apogee Enterprises right now?
Before you buy stock in Apogee Enterprises, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Apogee Enterprises wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $488,653!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,148,034!*
Now, it’s worth noting Stock Advisor’s total average return is 971% — a market-crushing outperformance compared to 196% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of January 7, 2026.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Recommended Articles
