Glass and windows manufacturer Tecnoglass (NYSE: TGLS) will be announcing earnings results this Thursday before market hours. Here’s what to expect.
Tecnoglass beat analysts’ revenue expectations by 4.3% last quarter, reporting revenues of $255.5 million, up 16.3% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ adjusted operating income estimates.
Is Tecnoglass a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Tecnoglass’s revenue to grow 11.7% year on year to $266.2 million, slowing from the 13.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.11 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 four times over the last two years.
Looking at Tecnoglass’s peers in the building materials segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Carlisle posted flat year-on-year revenue, beating analysts’ expectations by 1.2%, and Sherwin-Williams reported revenues up 3.2%, topping estimates by 2.6%. Carlisle traded down 1.5% following the results while Sherwin-Williams was up 2.9%.
Read our full analysis of Carlisle’s results here and Sherwin-Williams’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the building materials stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.5% on average over the last month. Tecnoglass is down 13.2% during the same time and is heading into earnings with an average analyst price target of $90.75 (compared to the current share price of $57.37).
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