We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Tecnoglass (TGLS) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
The latest trading session saw Tecnoglass (TGLS - Free Report) ending at $45.80, denoting a +0.75% adjustment from its last day's close. This move outpaced the S&P 500's daily loss of 0.65%. Elsewhere, the Dow lost 0.49%, while the tech-heavy Nasdaq lost 0.96%.
The architectural glass maker's stock has climbed by 6.29% in the past month, exceeding the Retail-Wholesale sector's gain of 4.2% and the S&P 500's gain of 3.27%.
The investment community will be closely monitoring the performance of Tecnoglass in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.69, reflecting a 36.11% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $194.24 million, down 4.14% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.70 per share and revenue of $893.22 million, which would represent changes of -7.04% and +7.19%, respectively, from the prior year.
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. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 11.91% lower. Tecnoglass is currently a Zacks Rank #4 (Sell).
Digging into valuation, Tecnoglass currently has a Forward P/E ratio of 12.3. Its industry sports an average Forward P/E of 14.38, so one might conclude that Tecnoglass is trading at a discount comparatively.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 92, finds itself in the top 37% echelons 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Tecnoglass (TGLS) Gains As Market Dips: What You Should Know
The latest trading session saw Tecnoglass (TGLS - Free Report) ending at $45.80, denoting a +0.75% adjustment from its last day's close. This move outpaced the S&P 500's daily loss of 0.65%. Elsewhere, the Dow lost 0.49%, while the tech-heavy Nasdaq lost 0.96%.
The architectural glass maker's stock has climbed by 6.29% in the past month, exceeding the Retail-Wholesale sector's gain of 4.2% and the S&P 500's gain of 3.27%.
The investment community will be closely monitoring the performance of Tecnoglass in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.69, reflecting a 36.11% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $194.24 million, down 4.14% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.70 per share and revenue of $893.22 million, which would represent changes of -7.04% and +7.19%, respectively, from the prior year.
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. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 11.91% lower. Tecnoglass is currently a Zacks Rank #4 (Sell).
Digging into valuation, Tecnoglass currently has a Forward P/E ratio of 12.3. Its industry sports an average Forward P/E of 14.38, so one might conclude that Tecnoglass is trading at a discount comparatively.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 92, finds itself in the top 37% echelons 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.