Tecnoglass Inc. (NASDAQ:TGLS) is set to announce third quarter earning results on Friday 6th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, TGLS to report 3Q20 income of $ 0.17 per share from revenue of $ 96.66 million.
For the full year, analysts anticipate top line of $ 358.54 million, while looking forward to income of $ 0.60 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 445.00 million ~ $ 455.00 million
Click Here For More Historical Outlooks Of Tecnoglass Inc.
Previous Quarter Performance
Tecnoglass Inc. posted income for the second quarter of $ 0.20 per share, from the revenue of $ 81.94 million. The quarterly revenues contracted 28.05 percent compared with the same quarter last year. Wall street analysts are predicting, TGLS to report 2Q20 income of $ 0.13 per share from revenue of $ 91.44 million. The bottom line results beat street analysts by $ 0.07 or 53.85 percent, at the same time, top line results fell short of analysts by $ 9.5 million or 10.39 percent.
Stock Performance
Shares of Tecnoglass Inc. traded up $ 0.38 or 7.57 percent on Thursday, reaching $ 5.40 with volume of 77.20 thousand shares. Tecnoglass Inc. has traded high as $ 5.49 and has cracked $ 5.01 on the downward trend
According to the previous trading day, closing price of $ 5.40, representing a 133.49 % increase from the 52 week low of $ 2.15 and a 43.78 % decrease over the 52 week high of $ 8.93.
The company has a market capital of $ 257.44 million and is part of the Basic Materials sector and Building Materials industry.
Conference Call
Tecnoglass Inc. will be hosting a conference call at 10:00 AM eastern time on 6th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.tecnoglass.com
Tecnoglass Inc., through its subsidiaries, manufactures, supplies, and installs architectural glass, windows, and associated aluminum products for the commercial and residential construction industries in North, Central, and South America. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products. It also produces, exports, imports, and markets aluminum products, including profiles, rods, bars, plates, tubes, and other hardware used in the manufacture of architectural glass settings, such as windows, doors, spatial separators, and similar products.
