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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 $32.38, moving -1.49% from the previous trading session. This change lagged the S&P 500's 1.19% gain on the day. At the same time, the Dow added 0.76%, and the tech-heavy Nasdaq gained 0.29%.
Heading into today, shares of the architectural glass maker had gained 8.88% over the past month, outpacing the Retail-Wholesale sector's gain of 8.04% and the S&P 500's gain of 4.06% in that time.
Wall Street will be looking for positivity from Tecnoglass as it approaches its next earnings report date. In that report, analysts expect Tecnoglass to post earnings of $0.96 per share. This would mark year-over-year growth of 92%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $197.58 million, up 49.89% from the year-ago period.
Any recent changes to analyst estimates for Tecnoglass should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Tecnoglass is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that Tecnoglass has a Forward P/E ratio of 9.51 right now. This valuation marks a discount compared to its industry's average Forward P/E of 10.58.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 193, which puts it in the bottom 24% 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.
Be sure to follow all of these stock-moving metrics, and many 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 $32.38, moving -1.49% from the previous trading session. This change lagged the S&P 500's 1.19% gain on the day. At the same time, the Dow added 0.76%, and the tech-heavy Nasdaq gained 0.29%.
Heading into today, shares of the architectural glass maker had gained 8.88% over the past month, outpacing the Retail-Wholesale sector's gain of 8.04% and the S&P 500's gain of 4.06% in that time.
Wall Street will be looking for positivity from Tecnoglass as it approaches its next earnings report date. In that report, analysts expect Tecnoglass to post earnings of $0.96 per share. This would mark year-over-year growth of 92%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $197.58 million, up 49.89% from the year-ago period.
Any recent changes to analyst estimates for Tecnoglass should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Tecnoglass is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that Tecnoglass has a Forward P/E ratio of 9.51 right now. This valuation marks a discount compared to its industry's average Forward P/E of 10.58.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 193, which puts it in the bottom 24% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.