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Tecnoglass (TGLS) is a Great Momentum Stock: Should You Buy?
ZACKS· 2024-12-03 18:01
Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the strategy of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Tecnoglass (TGLS) currently holding a Momentum Style Score of B [2] - Style Scores complement the Zacks Rank system, which has a strong track record of outperforming the market; TGLS has a Zacks Rank of 1 (Strong Buy) [3] Group 2: Tecnoglass Performance Metrics - TGLS shares have increased by 2.16% over the past week, outperforming the Zacks Building Products - Retail industry, which rose by 0.66% [6] - Over the last month, TGLS's price change is 14.79%, significantly higher than the industry's 6.71% [6] - In the last quarter, TGLS shares rose by 33.78%, and over the past year, they gained 113.43%, while the S&P 500 increased by 7.45% and 33.18%, respectively [7] Group 3: Trading Volume and Earnings Outlook - TGLS's average 20-day trading volume is 332,678 shares, indicating a bullish sign if the stock is rising with above-average volume [8] - Recent earnings estimate revisions show 3 estimates moving higher for the full year, raising the consensus estimate from $3.44 to $3.55 [10] - For the next fiscal year, 3 estimates have also increased, with no downward revisions, indicating positive earnings outlook [10] Group 4: Conclusion - TGLS is classified as a 1 (Strong Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [11]
Is Tecnoglass (TGLS) Stock Outpacing Its Retail-Wholesale Peers This Year?
ZACKS· 2024-12-03 15:41
Group 1 - Tecnoglass (TGLS) is currently outperforming its peers in the Retail-Wholesale sector with a year-to-date return of approximately 74.9%, compared to the sector average of 30.8% [4] - The Zacks Rank for Tecnoglass is 1 (Strong Buy), indicating a positive earnings outlook as the consensus estimate for full-year earnings has increased by 3.8% over the past 90 days [3] - Tecnoglass belongs to the Building Products - Retail industry, which has an average year-to-date gain of 23.1%, further highlighting its strong performance relative to its industry [5] Group 2 - Urban Outfitters (URBN) is another stock in the Retail-Wholesale sector that has shown strong performance with a year-to-date return of 43% [4] - The consensus EPS estimate for Urban Outfitters has increased by 4.6% over the past three months, and it currently holds a Zacks Rank of 2 (Buy) [5] - The Retail - Apparel and Shoes industry, which includes Urban Outfitters, has seen an average increase of 38.4% since the beginning of the year [6]
Tecnoglass: Shining Bright With Top-Tier Growth, Fundamentals And Operational Efficiency
Seeking Alpha· 2024-11-20 06:26
On May 8th, 2023, we initiated coverage on Tecnoglass (NYSE: TGLS ), a company specializing in the production and commercialization of architectural glass, windows, and aluminum products for both residential and commercial buildings. The group demonstrated strongWelcome to my profile !I'm Vincent, and I have over three years of experience as a tech-oriented buy-side analyst at a major bank, where I managed U.S. equity portfolios with over $700M in assets under management. I’ve worked across both large-cap a ...
Tecnoglass to Attend the Baird 2024 Global Industrial Conference
GlobeNewswire News Room· 2024-11-11 12:00
Miami, FL, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Tecnoglass, Inc. (NYSE: TGLS) ("Tecnoglass" or the "Company"), a leading producer of high-end aluminum and vinyl windows and architectural glass for the global residential and commercial end markets, today announced that the Company will attend the Baird 2024 Global Industrial Conference in Chicago, IL on Wednesday, November 13, 2024. About Tecnoglass Tecnoglass Inc. is a leading producer of high-end aluminum and vinyl windows and architectural glass serving the ...
Tecnoglass(TGLS) - 2024 Q3 - Quarterly Report
2024-11-07 21:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-35436 TECNOGLASS INC. (Exact Name of Registrant as Specified in Its Charter) Cayman Islands 98-1271120 (State or other jurisdi ...
Tecnoglass (TGLS) Q3 Earnings and Revenues Top Estimates
ZACKS· 2024-11-07 15:00
Tecnoglass (TGLS) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.98 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.34%. A quarter ago, it was expected that this architectural glass maker would post earnings of $0.81 per share when it actually produced earnings of $0.86, delivering a surprise of 6.17%.Over the last four quarters, ...
Tecnoglass Sets Date for Third Quarter 2024 Results
GlobeNewswire News Room· 2024-10-24 11:00
Miami, FL, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Tecnoglass, Inc. (NYSE: TGLS) ("Tecnoglass" or the "Company"), a leading producer of high-end aluminum and vinyl windows and architectural glass for the global residential and commercial end markets, today announced it will release financial results for the third quarter 2024 before the market opens on Thursday, November 7, 2024. Management will host a webcast and conference call that same day at 10:00 a.m. Eastern time to review the Company’s results. Webcast an ...
Tecnoglass: Improving Near-Term Outlook Makes This Stock A Good Buy Despite The Recent Run
Seeking Alpha· 2024-10-19 11:58
Tecnoglass (NYSE: NYSE: TGLS ) topline contraction moderated further as it exited the first half of 2024, as the demand and order levels were strong in the last quarters. I am expecting the topline growth to improve As a finance enthusiast with years of experience in research, I am deeply engaged in studying diverse businesses, especially in the technology, industrial, and conglomerate sectors. I really like companies that have strong foundations and see them doing well in the long run. I enjoy writing abou ...
What Makes Tecnoglass (TGLS) a Strong Momentum Stock: Buy Now?
ZACKS· 2024-10-14 17:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...
Here's Why Tecnoglass (TGLS) is a Great Momentum Stock to Buy
ZACKS· 2024-09-25 17:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...