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Tecnoglass (TGLS) Gains But Lags Market: What You Should Know
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Tecnoglass (TGLS - Free Report) closed the most recent trading day at $41.96, moving +0.6% from the previous trading session. This move lagged the S&P 500's daily gain of 1.44%. Elsewhere, the Dow gained 1.26%, while the tech-heavy Nasdaq added 5.21%.
Coming into today, shares of the architectural glass maker had gained 4.46% in the past month. In that same time, the Retail-Wholesale sector gained 2.17%, while the S&P 500 gained 2.28%.
Tecnoglass will be looking to display strength as it nears its next earnings release. In that report, analysts expect Tecnoglass to post earnings of $0.92 per share. This would mark year-over-year growth of 73.58%. Our most recent consensus estimate is calling for quarterly revenue of $194.86 million, up 44.82% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.83 per share and revenue of $812.57 million. These totals would mark changes of +15.36% and +13.4%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Tecnoglass. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about 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, 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. Within the past 30 days, our consensus EPS projection has moved 10.05% higher. Tecnoglass is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, Tecnoglass currently has a Forward P/E ratio of 10.88. This valuation marks a discount compared to its industry's average Forward P/E of 12.31.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 30, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow TGLS in the coming trading sessions, be sure to utilize Zacks.com.
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Tecnoglass (TGLS) Gains But Lags Market: What You Should Know
Tecnoglass (TGLS - Free Report) closed the most recent trading day at $41.96, moving +0.6% from the previous trading session. This move lagged the S&P 500's daily gain of 1.44%. Elsewhere, the Dow gained 1.26%, while the tech-heavy Nasdaq added 5.21%.
Coming into today, shares of the architectural glass maker had gained 4.46% in the past month. In that same time, the Retail-Wholesale sector gained 2.17%, while the S&P 500 gained 2.28%.
Tecnoglass will be looking to display strength as it nears its next earnings release. In that report, analysts expect Tecnoglass to post earnings of $0.92 per share. This would mark year-over-year growth of 73.58%. Our most recent consensus estimate is calling for quarterly revenue of $194.86 million, up 44.82% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.83 per share and revenue of $812.57 million. These totals would mark changes of +15.36% and +13.4%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Tecnoglass. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about 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, 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. Within the past 30 days, our consensus EPS projection has moved 10.05% higher. Tecnoglass is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, Tecnoglass currently has a Forward P/E ratio of 10.88. This valuation marks a discount compared to its industry's average Forward P/E of 12.31.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 30, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow TGLS in the coming trading sessions, be sure to utilize Zacks.com.