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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 $30.79, moving -1.38% from the previous trading session. This change lagged the S&P 500's 0.08% loss on the day. At the same time, the Dow lost 0.34%, and the tech-heavy Nasdaq gained 11.55%.
Prior to today's trading, shares of the architectural glass maker had gained 4.87% over the past month. This has outpaced the Retail-Wholesale sector's loss of 3.03% and the S&P 500's loss of 1.03% 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, 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. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Tecnoglass is currently a Zacks Rank #2 (Buy).
Digging into valuation, Tecnoglass currently has a Forward P/E ratio of 9.03. Its industry sports an average Forward P/E of 9.7, so we one might conclude that Tecnoglass is trading at a discount comparatively.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 89, putting it in the top 36% 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) Dips More Than Broader Markets: What You Should Know
Tecnoglass (TGLS - Free Report) closed the most recent trading day at $30.79, moving -1.38% from the previous trading session. This change lagged the S&P 500's 0.08% loss on the day. At the same time, the Dow lost 0.34%, and the tech-heavy Nasdaq gained 11.55%.
Prior to today's trading, shares of the architectural glass maker had gained 4.87% over the past month. This has outpaced the Retail-Wholesale sector's loss of 3.03% and the S&P 500's loss of 1.03% 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, 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. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Tecnoglass is currently a Zacks Rank #2 (Buy).
Digging into valuation, Tecnoglass currently has a Forward P/E ratio of 9.03. Its industry sports an average Forward P/E of 9.7, so we one might conclude that Tecnoglass is trading at a discount comparatively.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 89, putting it in the top 36% 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.