NYSE:APG - New York Stock Exchange, Inc. - US00187Y1001 - Common Stock
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the construction and maintenance services industry, including APi (NYSE:APG) and its peers.
APi has been treading water for the past six months, recording a small return of 3.6% while holding steady at $38.71. The stock also fell short of the S&P 500’s 12.4% gain during that period.
Safety and specialty services provider APi (NYSE:APG) fell short of analysts' expectations in Q2 CY2024, with revenue down 2.3% year on year to $1.73 billion. Next quarter's revenue guidance of $1.89 billion also underwhelmed, coming in 2.1% below analysts' estimates. It made a non-GAAP profit of $0.49 per share, improving from its profit of $0.41 per share in the same quarter last year.
APG stock results show that APi Gr beat analyst estimates for earnings per share and beat on revenue for the first quarter of 2024.