Tecnoglass: Improving Near-Term Outlook Makes This Stock A Good Buy Despite The Recent Run [Seeking Alpha]
Tecnoglass Inc. Ordinary Shares (TGLS)
Last tecnoglass inc. ordinary shares earnings: 3/2 07:00 am
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investors.tecnoglass.com
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Source: Seeking Alpha
TGLS experienced a 2.5% revenue decline in Q2 2024 due to weaker multifamily and commercial markets, but single-family residential revenue rose by 10.1%. Adjusted EBITDA margin dropped to 29.2% from 37.7% last year, impacted by lower volumes and higher SG&A expenses, with adjusted EPS at $0.86. Strong demand and record orders in the single-family residential market, along with a $1 billion backlog, are expected to drive revenue growth in 2024. TGLS is expanding its geographical footprint and focusing on innovative products, positioning itself for long-term growth and market share gains, making it a decent buy for long-term investors. Nikada/E+ via Getty Images The Thesis 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 This article was written by Research Wise Follower s Follow As a finance enthusi
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News
- Are Retail-Wholesale Stocks Lagging Sprouts Farmers Market (SFM) This Year? [Yahoo! Finance]Yahoo! Finance
- Tecnoglass Inc. (NASDAQ: TGLS) had its price target raised by analysts at DA Davidson from $65.00 to $90.00. They now have a "buy" rating on the stock.MarketBeat
- Tecnoglass to Attend the Baird 2024 Global Industrial ConferenceGlobeNewswire
- Tecnoglass Inc (TGLS) Q3 2024 Earnings Call Highlights: Record Revenues and Strategic Growth Plans [Yahoo! Finance]Yahoo! Finance
- Tecnoglass (TGLS) Q3 Earnings and Revenues Top Estimates [Yahoo! Finance]Yahoo! Finance
TGLS
Earnings
- 11/7/24 - Beat
TGLS
Sec Filings
- 11/13/24 - Form SC
- 11/12/24 - Form 144
- 11/12/24 - Form 144
- TGLS's page on the SEC website