WPCS Intl (WPCS) Boosts Backlog; Apogee Enterprises (APOG) And Pier 1 Imports (PIR) Performance Above Consensus

Apr. 09, 2015 1:29 AM ETAYRO
Mike Zaman profile picture
Mike Zaman's Blog
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Contributor Since 2010

https://static.seekingalpha.com/uploads/2015/4/9/saupload_wpcs.jpg WPCS International Inc. (WPCS)

Shares of WPCS soared in after-hours trading Wednesday after the company said that its core Suisun City business was awarded $14.4 million in new contracts during the month of March 2015.

WPCS' Suisun City Operations expects that by late April or early May 2015, its backlog will be close to $30 million.


WPCS provides contracting services to the public services, healthcare, energy and corporate enterprise markets in the United States and China.

More about WPCS International Inc. at www.wpcs.com


https://static.seekingalpha.com/uploads/2015/4/9/saupload_apog.jpg Apogee Enterprises, Inc. (APOG)

The price of APOG stock touched a new 52-week high in the extended session Wednesday as the company reported better-than-expected revenue and profit numbers in its quarterly financial results, driven by APOG's strategies to grow through new geographies, new products and new markets along with its focus on productivity and operational improvements.

For its fourth quarter fiscal 2015, APOG posted revenues of $246.7 million, a 15.1% increase year over year, and earnings per diluted share of $0.47, up 74% versus the same quarter the prior year, exceeding the Capital IQ Consensus Estimate of $0.43 earnings per share on revenues of $242.14 million for the period.

According to its business outlook for fiscal 2016, APOG expects revenue growth in the range of 10% to 15%, and earnings per share in the range of $2.05 to $2.20, representing an increase from adjusted earnings per share of $1.50 reported for fiscal 2015.


APOG is a leader in technologies involving the design and development of value-added glass products and services.

More about Apogee Enterprises, Inc. at www.apog.com


https://static.seekingalpha.com/uploads/2015/4/9/saupload_pir.jpg Pier 1 Imports, Inc. (PIR)

After the closing bell on Wednesday, PIR delivered quarterly earnings that topped analysts' expectations.

For its fourth quarter fiscal 2015, PIR posted sales of $543.6 million, a 5.4% increase year over year, and non-GAAP adjusted net income of $35.1 million, or $0.39 per share, down when compared to the same quarter the prior year but better than the Capital IQ Consensus Estimate of $0.36 earnings per share for the period.

PIR finished fiscal year 2015 with $100.1 million of cash and cash equivalents, $199.0 million outstanding under its term loan, and no cash borrowings under its $350 million revolving line of credit, while its inventories totaled $478.8 million, compared to inventories of $377.7 million at fiscal 2014 year end.


PIR is the original global importer of home décor and furniture.

More about Pier 1 Imports, Inc. at www.pier1.com


https://static.seekingalpha.com/uploads/2014/12/23/saupload_crwe_logo.jpg Crown Equity Holdings Inc. (OTCPK:CRWE)

The company is currently developing its CRWE Network ( www.CRWE-PR.com ), a growing network of community targeted sites.

It has recently included Topanga, CA ( www.topanga.crwe-pr.com ) into the CRWE Network.

Topanga is a census-designated place in western Los Angeles County, California. It is located in the Santa Monica Mountains. Topanga is known as a bohemian enclave attracting artists, musicians, filmmakers, and others.

Topanga had an estimated population in 2010 (U.S. Census Bureau) of 8,289, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally

The CRWE Network has reached the 1487th community website in the U.S. and includes coverage in the states of California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.


https://static.seekingalpha.com/uploads/2015/2/26/saupload_crwerealestate.jpg The company's CRWE Real Estate ( www.CRWERealEstate.com ) is expected to be integrated in all the CRWE Network. It will allow people to submit their listings for exposure to visitors searching for homes.

CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet.

More about Crown Equity Holdings Inc. at www.crownequityholdings.com


Disclaimer: CRWE-PR Finance is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at CRWE-PR Finance www.finance.crwe-pr.com/disclaimer

Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Recommended For You


To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.