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Tecnoglass (TGLS) Stock Moves -0.24%: What You Should Know

In the latest trading session, Tecnoglass (TGLS) closed at $20.95, marking a -0.24% move from the previous day. This change was narrower than the S&P 500's 2.11% loss on the day. Meanwhile, the Dow lost 1.54%, and the Nasdaq, a tech-heavy index, lost 0.3%.

Heading into today, shares of the architectural glass maker had lost 3.58% over the past month, outpacing the Retail-Wholesale sector's loss of 6.69% and the S&P 500's loss of 8.19% in that time.

Investors will be hoping for strength from Tecnoglass as it approaches its next earnings release. 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, our latest consensus estimate is calling for revenue of $168.42 million, up 29.15% from the prior-year quarter.

TGLS's full-year Zacks Consensus Estimates are calling for earnings of $2.57 per share and revenue of $634.43 million. These results would represent year-over-year changes of +47.7% and +28.21%, respectively.

Investors should also note any recent changes to analyst estimates for Tecnoglass. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Tecnoglass is currently a Zacks Rank #1 (Strong Buy).

Looking at its valuation, Tecnoglass is holding a Forward P/E ratio of 8.16. Its industry sports an average Forward P/E of 8.16, 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 industry currently has a Zacks Industry Rank of 91, which puts it in the top 37% 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.

Make sure to utilize to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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