Tecnoglass Inc (NYSE: TGLS) has reported earnings for its first fiscal quarter (ending March 31) of $0.63 versus $1.01 for the same period a year ago — a decline of -38%. Relative to the consensus estimate of $0.82, this was a shortfall of $-0.19. For the latest four quarters through March 31, E.P.S. were $3.47 compared to $3.85 a year ago — a decline of -10%.
Recent Price Action
Tecnoglass Inc (NYSE: TGLS) stock closed at $51.67 on 5/9/24 after a slight decline of -0.5%. Moreover, this decline was accompanied by unusually high trading volume at 195% of normal. The stock has declined -1.8% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
TGLS is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Tecnoglass has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Tecnoglass has a neutral Appreciation Score of 56 but a very high Power Rating of 92, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment