Glass and windows manufacturer Tecnoglass (NYSE:TGLS) will be reporting earnings tomorrow morning. Here’s what to look for.
Tecnoglass missed analysts’ revenue expectations by 2.7% last quarter, reporting revenues of $238.3 million, up 13.1% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ EBITDA estimates.
Is Tecnoglass a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Tecnoglass’s revenue to grow 23.5% year on year to $240.3 million, a reversal from the 7.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.02 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Tecnoglass has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Tecnoglass’s peers in the building materials segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Vulcan Materials delivered year-on-year revenue growth of 1.1%, beating analysts’ expectations by 2.1%, and AZEK reported revenues up 18.7%, topping estimates by 7.9%. Vulcan Materials traded down 2% following the results while AZEK was up 2.5%.
Read our full analysis of Vulcan Materials’s results here and AZEK’s results here.
Inflation has progressed towards the Fed’s 2% goal as of late, leading to strong stock market performance. Recent rate cuts and the 2024 Presidential election's conclusion added further sparks to the market, and while some of the building materials stocks have shown solid performance, the group has generally underperformed, with share prices down 5.7% on average over the last month. Tecnoglass is down 12.8% during the same time and is heading into earnings with an average analyst price target of $89.67 (compared to the current share price of $68.26).
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