For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Tecnoglass (TGLS) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.
Tecnoglass is a member of the Retail-Wholesale sector. This group includes 214 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. TGLS is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TGLS's full-year earnings has moved 6.72% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that TGLS has returned about 21.77% since the start of the calendar year. At the same time, Retail-Wholesale stocks have gained an average of 14.88%. This shows that Tecnoglass is outperforming its peers so far this year.
Looking more specifically, TGLS belongs to the Building Products - Retail industry, a group that includes 11 individual stocks and currently sits at #105 in the Zacks Industry Rank. This group has gained an average of 2.61% so far this year, so TGLS is performing better in this area.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to TGLS as it looks to continue its solid performance.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
