TGLS has been a busy stock on earnings beat and upwardly revised revenue guidance. I missed the entry on this around $31 and don’t want to chase as it has nearly doubled in the last few weeks. However, I am putting it on my watchlist to see how it behaves over the next few sessions. I’d like a pullback to around the $30 area and hold. If so, I’ll consider taking a position. See my notes on chart. Ideas, not investing / trading advice.Tecnoglass (TGLS) reported 3rd Quarter September 2022 earnings of $1.01 per share on revenue of $201.8 million. The consensus earnings estimate was $0.71 per share on revenue of $168.4 million. Revenue grew 54.7% on a year-over-year basis.
The company said it expects 2022 revenue of $680.0 million to $700.0 million. The company's previous guidance was revenue of $620.0 million to $640.0 million and the current consensus revenue estimate is $634.43 million for the year ending December 31, 2022.
Tecnoglass Inc manufactures hi-spec, architectural glass and windows for the global residential and commercial construction industries.
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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Penafian
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Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.