Tecnoglass (TGLS) closed at $21.60 in the latest trading session, marking a +1.08% move from the prior day. The stock outpaced the S&P 500's daily loss of 1.71%. Elsewhere, the Dow lost 1.7%, while the tech-heavy Nasdaq lost 0.09%.
Coming into today, shares of the architectural glass maker had lost 14.42% in the past month. In that same time, the Retail-Wholesale sector lost 7.43%, while the S&P 500 lost 8.68%.
Wall Street will be looking for positivity from Tecnoglass as it approaches its next earnings report date. In that report, analysts expect Tecnoglass to post earnings of $0.71 per share. This would mark year-over-year growth of 57.78%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $168.42 million, up 29.15% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.57 per share and revenue of $634.43 million, which would represent changes of +47.7% and +28.21%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Tecnoglass. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Tecnoglass is currently sporting a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Tecnoglass has a Forward P/E ratio of 8.3 right now. Its industry sports an average Forward P/E of 8.3, so we one might conclude that Tecnoglass is trading at a no noticeable deviation comparatively.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 95, putting it in the top 38% 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 Inc. (TGLS) : Free Stock Analysis Report
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