In This Article:
The full-year results for Tecnoglass Inc. (NYSE:TGLS) were released last week, making it a good time to revisit its performance. Results were roughly in line with estimates, with revenues of US$890m and statutory earnings per share of US$3.43. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Tecnoglass after the latest results.
Check out our latest analysis for Tecnoglass
Taking into account the latest results, the consensus forecast from Tecnoglass' four analysts is for revenues of US$977.4m in 2025. This reflects a meaningful 9.8% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to soar 21% to US$4.15. Before this earnings report, the analysts had been forecasting revenues of US$980.0m and earnings per share (EPS) of US$4.26 in 2025. The analysts seem to have become a little more negative on the business after the latest results, given the minor downgrade to their earnings per share numbers for next year.
It might be a surprise to learn that the consensus price target was broadly unchanged at US$88.67, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Tecnoglass analyst has a price target of US$96.00 per share, while the most pessimistic values it at US$80.00. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Tecnoglass is an easy business to forecast or the the analysts are all using similar assumptions.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Tecnoglass' past performance and to peers in the same industry. It's pretty clear that there is an expectation that Tecnoglass' revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 9.8% growth on an annualised basis. This is compared to a historical growth rate of 20% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 5.2% annually. Even after the forecast slowdown in growth, it seems obvious that Tecnoglass is also expected to grow faster than the wider industry.