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Tecnoglass (TGLS) Stock Sinks As Market Gains: What You Should Know
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Tecnoglass (TGLS - Free Report) closed the most recent trading day at $38.40, moving -0.1% from the previous trading session. This change lagged the S&P 500's 1.3% gain on the day. Elsewhere, the Dow gained 0.98%, while the tech-heavy Nasdaq added 7.48%.
Heading into today, shares of the architectural glass maker had gained 8.8% over the past month, outpacing the Retail-Wholesale sector's loss of 5.79% and the S&P 500's loss of 2.95% in that time.
Investors will be hoping for strength from Tecnoglass as it approaches its next earnings release. The company is expected to report EPS of $0.92, up 73.58% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $194.86 million, up 44.82% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.83 per share and revenue of $812.57 million, which would represent changes of +15.36% and +13.4%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Tecnoglass. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 has moved 10.9% higher within the past month. Tecnoglass is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, Tecnoglass currently has a Forward P/E ratio of 10.03. This represents a discount compared to its industry's average Forward P/E of 11.71.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 36, putting it in the top 15% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Tecnoglass (TGLS) Stock Sinks As Market Gains: What You Should Know
Tecnoglass (TGLS - Free Report) closed the most recent trading day at $38.40, moving -0.1% from the previous trading session. This change lagged the S&P 500's 1.3% gain on the day. Elsewhere, the Dow gained 0.98%, while the tech-heavy Nasdaq added 7.48%.
Heading into today, shares of the architectural glass maker had gained 8.8% over the past month, outpacing the Retail-Wholesale sector's loss of 5.79% and the S&P 500's loss of 2.95% in that time.
Investors will be hoping for strength from Tecnoglass as it approaches its next earnings release. The company is expected to report EPS of $0.92, up 73.58% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $194.86 million, up 44.82% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.83 per share and revenue of $812.57 million, which would represent changes of +15.36% and +13.4%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Tecnoglass. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 has moved 10.9% higher within the past month. Tecnoglass is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, Tecnoglass currently has a Forward P/E ratio of 10.03. This represents a discount compared to its industry's average Forward P/E of 11.71.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 36, putting it in the top 15% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.