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Tecnoglass (TGLS) Stock Falls Amid Market Uptick: What Investors Need to Know
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Tecnoglass (TGLS - Free Report) closed the latest trading day at $43.13, indicating a -0.35% change from the previous session's end. The stock fell short of the S&P 500, which registered a gain of 0.13% for the day. On the other hand, the Dow registered a gain of 0.13%, and the technology-centric Nasdaq decreased by 0.32%.
Heading into today, shares of the architectural glass maker had lost 4.35% over the past month, lagging the Retail-Wholesale sector's gain of 4.57% and the S&P 500's gain of 2.99% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Tecnoglass in its upcoming earnings disclosure. The company's earnings report is set to go public on February 29, 2024. The company's earnings per share (EPS) are projected to be $0.75, reflecting a 31.19% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $199.93 million, indicating a 5.3% downward movement from the same quarter last year.
Investors should also note any recent changes to analyst estimates for Tecnoglass. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Within the past 30 days, our consensus EPS projection has moved 2.55% lower. As of now, Tecnoglass holds a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Tecnoglass has a Forward P/E ratio of 10.31 right now. This valuation marks a discount compared to its industry's average Forward P/E of 14.13.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 81, which puts it in the top 33% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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) Stock Falls Amid Market Uptick: What Investors Need to Know
Tecnoglass (TGLS - Free Report) closed the latest trading day at $43.13, indicating a -0.35% change from the previous session's end. The stock fell short of the S&P 500, which registered a gain of 0.13% for the day. On the other hand, the Dow registered a gain of 0.13%, and the technology-centric Nasdaq decreased by 0.32%.
Heading into today, shares of the architectural glass maker had lost 4.35% over the past month, lagging the Retail-Wholesale sector's gain of 4.57% and the S&P 500's gain of 2.99% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Tecnoglass in its upcoming earnings disclosure. The company's earnings report is set to go public on February 29, 2024. The company's earnings per share (EPS) are projected to be $0.75, reflecting a 31.19% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $199.93 million, indicating a 5.3% downward movement from the same quarter last year.
Investors should also note any recent changes to analyst estimates for Tecnoglass. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Within the past 30 days, our consensus EPS projection has moved 2.55% lower. As of now, Tecnoglass holds a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Tecnoglass has a Forward P/E ratio of 10.31 right now. This valuation marks a discount compared to its industry's average Forward P/E of 14.13.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 81, which puts it in the top 33% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.