Apogee Enterprises (APOG) is a Top-Ranked Momentum Stock: Should You Buy?

Zacks Equity Research
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Is This 1 Momentum Stock a Screaming Buy Right Now?

Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

Apogee Enterprises (APOG)

Apogee Enterprises is a leader in architectural products and services, providing architectural glass, aluminum framing systems and installation services for buildings, and value-added glass and acrylic for custom picture framing and displays.

APOG sits at a Zacks Rank #1 (Strong Buy), holds a Momentum Style Score of B, and has a VGM Score of B. The stock is down 3.3% and up 2.8% over the past one-week and four-week period, respectively, and Apogee Enterprises has lost 1.1% in the last one-year period as well. Additionally, an average of 259,458.50 shares were traded over the last 20 trading sessions.

Momentum investors also pay close attention to a company's earnings. For APOG, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.71 to $3.76 per share for 2023. APOG boasts an average earnings surprise of 58.1%.

Investors should take the time to consider APOG for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.


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