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Tecnoglass (TGLS) Stock Moves -0.67%: What You Should Know
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Tecnoglass (TGLS - Free Report) closed at $32.61 in the latest trading session, marking a -0.67% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.56%. Elsewhere, the Dow lost 1.81%, while the tech-heavy Nasdaq lost 4.66%.
Heading into today, shares of the architectural glass maker had gained 8.89% over the past month, outpacing the Retail-Wholesale sector's gain of 7.14% and the S&P 500's gain of 3.82% in that time.
Tecnoglass will be looking to display strength as it nears its next earnings release. On that day, Tecnoglass is projected to report earnings of $0.96 per share, which would represent year-over-year growth of 92%. Meanwhile, our latest consensus estimate is calling for revenue of $197.58 million, up 49.89% from the prior-year quarter.
Any recent changes to analyst estimates for Tecnoglass should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Tecnoglass is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, Tecnoglass is currently trading at a Forward P/E ratio of 9.5. This represents a discount compared to its industry's average Forward P/E of 10.69.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 164, putting it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Tecnoglass (TGLS) Stock Moves -0.67%: What You Should Know
Tecnoglass (TGLS - Free Report) closed at $32.61 in the latest trading session, marking a -0.67% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.56%. Elsewhere, the Dow lost 1.81%, while the tech-heavy Nasdaq lost 4.66%.
Heading into today, shares of the architectural glass maker had gained 8.89% over the past month, outpacing the Retail-Wholesale sector's gain of 7.14% and the S&P 500's gain of 3.82% in that time.
Tecnoglass will be looking to display strength as it nears its next earnings release. On that day, Tecnoglass is projected to report earnings of $0.96 per share, which would represent year-over-year growth of 92%. Meanwhile, our latest consensus estimate is calling for revenue of $197.58 million, up 49.89% from the prior-year quarter.
Any recent changes to analyst estimates for Tecnoglass should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Tecnoglass is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, Tecnoglass is currently trading at a Forward P/E ratio of 9.5. This represents a discount compared to its industry's average Forward P/E of 10.69.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 164, putting it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.