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Tecnoglass (TGLS) Stock Sinks As Market Gains: What You Should Know
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The latest trading session saw Tecnoglass (TGLS - Free Report) ending at $42.71, denoting a -1.97% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.08%. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq appreciated by 0.02%.
The architectural glass maker's shares have seen a decrease of 0.37% over the last month, not keeping up with the Retail-Wholesale sector's gain of 4.89% and the S&P 500's gain of 3.52%.
The investment community will be closely monitoring the performance of Tecnoglass in its forthcoming earnings report. In that report, analysts expect Tecnoglass to post earnings of $0.77 per share. This would mark a year-over-year decline of 29.36%. In the meantime, our current consensus estimate forecasts the revenue to be $201.01 million, indicating a 4.79% decline compared to the corresponding quarter of the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Tecnoglass. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.46% lower. As of now, Tecnoglass holds a Zacks Rank of #4 (Sell).
In the context of valuation, Tecnoglass is at present trading with a Forward P/E ratio of 10.11. For comparison, its industry has an average Forward P/E of 13.04, which means Tecnoglass is trading at a discount to the group.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 202, finds itself in the bottom 20% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Tecnoglass (TGLS) Stock Sinks As Market Gains: What You Should Know
The latest trading session saw Tecnoglass (TGLS - Free Report) ending at $42.71, denoting a -1.97% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.08%. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq appreciated by 0.02%.
The architectural glass maker's shares have seen a decrease of 0.37% over the last month, not keeping up with the Retail-Wholesale sector's gain of 4.89% and the S&P 500's gain of 3.52%.
The investment community will be closely monitoring the performance of Tecnoglass in its forthcoming earnings report. In that report, analysts expect Tecnoglass to post earnings of $0.77 per share. This would mark a year-over-year decline of 29.36%. In the meantime, our current consensus estimate forecasts the revenue to be $201.01 million, indicating a 4.79% decline compared to the corresponding quarter of the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Tecnoglass. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.46% lower. As of now, Tecnoglass holds a Zacks Rank of #4 (Sell).
In the context of valuation, Tecnoglass is at present trading with a Forward P/E ratio of 10.11. For comparison, its industry has an average Forward P/E of 13.04, which means Tecnoglass is trading at a discount to the group.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 202, finds itself in the bottom 20% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.