In a shortened week due to Good Friday, I saw a name that I used to hold when I was the editor of Home Run Investor. That stock did great for me back then and as I look at the trends in its industry, now is a great time to look at it again. 

Apogee Enterprises (APOG – Free Report) is currently a Zacks Rank #3 (Hold) but is coming off a miss of the Zacks Consensus Estimate (but a beat of the Wall Street estimate due to how Zacks accounts for options expenses).

Why I Like It

Right now, I am all about revenue growth and I think we see that from APOG. In the most recent quarter the company reported $274M on top and that was $3M below the Zacks Consensus Estimate and the same amount below where revenue was in the previous quarter. On Thursday morning the company is expected to report $289M, which would be record revenue.

Shorts Could Cover

Everyone knows that we are in a bull market, especially the shorts. They have been hammered of late and could be close to capitulating on a number of stocks. I mention this as APOG has about 28M shares in its float and 18.4% of those shares are sold short. 

That is a pretty big bet against a stock that could very well post record revenues in a sector that has seen a government promise of huge spending increases. This is not to say that the government is going to start ordering glass buildings via APOG, but a rising tide tends to lift all ships.

Apogee Enterprises, Inc. Price, Consensus and EPS Surprise

Apogee Enterprises, Inc. Price, Consensus and EPS Surprise | Apogee Enterprises, Inc. Quote

Style Scores

The Zacks Style Scores for APOG are looking strong. There is an “A” in Momentum and “B” for Growth. I am more into growth than value and I really like to see a divergence between the growth and value style scores. The basic idea is that value investors and growth investors are generally looking for vastly different things so I don’t often want to see “straight A’s” for a stock.

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