Tecnoglass (TGLS) closed the most recent trading day at $47.40, moving +0.34% from the previous trading session. The stock lagged the S&P 500’s daily gain of 1.07%. Meanwhile, the Dow experienced growth of 0.35%, and the technology-dominated Nasdaq saw an increase of 1.74%.
Shares of the architectural glass maker witnessed a gain of 11.1% over the previous month, beating the performance of the Retail Wholesale sector with its gain of 2.02% and the S&P 500’s gain of 2.93%.
The investment community will be closely monitoring Tecnoglass’ performance in its next earnings report. The company is forecast to post EPS of $0.77, indicating a 29.36% decline compared to the corresponding quarter last year. At the same time, our most recent consensus estimate projects revenue of $201.01 million, reflecting a 4.79% drop from the corresponding quarter last year.
It is also important for investors to be aware of any recent modifications to analyst estimates for Tecnoglass. These audits help show the ever-changing nature of near-term business trends. As a result, optimistic changes in ratings indicate a favorable outlook of analysts about the business health and profitability of the company.
Our research reveals that these valuation changes are directly linked with the stock price performance in the near future. To use this, we created the Zacks Rank, a proprietary model that integrates these rating changes and provides a functional rating system.
The Zacks Rank system, which ranges between #1 (Strong Buy) and #5 (Strong Sell), has an impressive record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there has been no change in the Zacks Consensus EPS estimate. Currently, 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 10.97 right now. For comparison, its industry has an average Forward P/E of 13.83, which means Tecnoglass trades at a discount to the group.
The Building Products – Retail industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 172, placing it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank measures 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.
Be sure to use Zacks.com to follow all of these stock movement metrics, and more, in the upcoming trading sessions.
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Tecnoglass Inc. (TGLS): Free Analysis Report
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