Strength Seen in Tecnoglass (TGLS): Can Its 21.6% Jump Turn into More Strength? [Yahoo! Finance]
Tecnoglass Inc. Ordinary Shares (TGLS)
Last tecnoglass inc. ordinary shares earnings: 3/2 07:00 am
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Source: Yahoo! Finance
This compares to the stock's 23.7% loss over the past four weeks. Tecnoglass stock rally comes after the company revealed its intention to undertake a strategic review of alternatives for its business. It plans to hire outside financial and legal advisors for the job. The company did not suggest a specific timeline for the completion of the review process. It expects this action will be in the company's best interest. TGLS also reaffirmed its 2024 financial outlook, as announced on May 9, 2024. This architectural glass maker is expected to post quarterly earnings of $0.81 per share in its upcoming report, which represents a year-over-year change of -27.7%. Revenues are expected to be $219.51 million, down 2.6% from the year-ago quarter. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For T
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TGLS
News
- Tecnoglass Inc. (NASDAQ: TGLS) was upgraded by analysts at Sidoti from a "neutral" rating to a "buy" rating.MarketBeat
- Tecnoglass Board of Directors Announces Review of Strategic Alternatives [Yahoo! Finance]Yahoo! Finance
- Tecnoglass Board of Directors Announces Review of Strategic AlternativesGlobeNewswire
- Building Products Stocks Q1 Highlights: Tecnoglass (NYSE:TGLS) [Yahoo! Finance]Yahoo! Finance
- Tecnoglass Announces Second Quarter 2024 DividendGlobeNewswire
TGLS
Earnings
- 5/9/24 - Miss
TGLS
Sec Filings
- 6/25/24 - Form SC
- 6/25/24 - Form 8-K
- 6/11/24 - Form 8-K
- TGLS's page on the SEC website