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Tecnoglass (TGLS) Dips More Than Broader Markets: What You Should Know
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Tecnoglass (TGLS - Free Report) closed the most recent trading day at $47.56, moving -1.88% from the previous trading session. This change lagged the S&P 500's 0.37% loss on the day. Meanwhile, the Dow lost 0.32%, and the Nasdaq, a tech-heavy index, lost 1.18%.
Heading into today, shares of the architectural glass maker had gained 11.17% over the past month, outpacing the Retail-Wholesale sector's gain of 5.52% and the S&P 500's gain of 7.18% 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 $1.04, up 50.72% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $216.97 million, up 28.29% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.11 per share and revenue of $846.36 million, which would represent changes of +23.8% and +18.11%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Tecnoglass. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Tecnoglass is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Tecnoglass is holding a Forward P/E ratio of 11.8. This represents a discount compared to its industry's average Forward P/E of 12.37.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 22, putting it in the top 9% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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) Dips More Than Broader Markets: What You Should Know
Tecnoglass (TGLS - Free Report) closed the most recent trading day at $47.56, moving -1.88% from the previous trading session. This change lagged the S&P 500's 0.37% loss on the day. Meanwhile, the Dow lost 0.32%, and the Nasdaq, a tech-heavy index, lost 1.18%.
Heading into today, shares of the architectural glass maker had gained 11.17% over the past month, outpacing the Retail-Wholesale sector's gain of 5.52% and the S&P 500's gain of 7.18% 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 $1.04, up 50.72% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $216.97 million, up 28.29% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.11 per share and revenue of $846.36 million, which would represent changes of +23.8% and +18.11%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Tecnoglass. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Tecnoglass is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Tecnoglass is holding a Forward P/E ratio of 11.8. This represents a discount compared to its industry's average Forward P/E of 12.37.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 22, putting it in the top 9% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.