Glass and windows manufacturer Tecnoglass (NYSE: TGLS) will be announcing earnings results this Thursday before the bell. Here’s what you need to know.
Tecnoglass beat analysts’ revenue expectations last quarter, reporting revenues of $249 million, up 12% year on year. It was a very strong quarter for the company, with full-year EBITDA guidance exceeding analysts’ expectations and a decent beat of analysts’ EBITDA estimates.
Is Tecnoglass a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Tecnoglass’s revenue to grow 3.8% year on year, slowing from the 16.3% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Tecnoglass has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Tecnoglass’s peers in the building materials segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Carlisle delivered year-on-year revenue growth of 8.3%, beating analysts’ expectations by 6.3%, and Sherwin-Williams reported revenues up 7.5%, topping estimates by 3%. Carlisle traded up 10.6% following the results while Sherwin-Williams was also up 5.1%.
Read our full analysis of Carlisle’s results here and Sherwin-Williams’s results here.
Investors in the building materials segment have had steady hands going into earnings, with share prices flat over the last month. Tecnoglass is up 4.1% during the same time and is heading into earnings with an average analyst price target of $57 (compared to the current share price of $46.37).
ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable.
These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.
