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When Grupo Financiero Galicia S.A. (NASDAQ:GGAL) reports their next earnings announcement on or around 2015-08-06, investors will be paying particularly close attention to the reported earnings per share number versus the Wall Street analyst estimates. As of writing, sell-side brokerages are expecting that the company will report $0.69 for the quarter ending on 2015-06-30. This is the consensus number based on the 2 firms providing projections.
Last quarter Grupo Financiero Galicia S.A. (NASDAQ:GGAL) posted a surprise factor of 8.97% as the analysts’ predictions were $0.07 away from the actual reported number of $0.85. The standard deviation of the estimates right before the announcement was $0.01.
Where is the stock headed?
Brokerage firms covering Grupo Financiero Galicia S.A. are projecting that the stock will reach $26.5 over the next 52-weeks. This is the consensus average number based on the 2 brokerages offering projections. The analyst with the most positive stance sees it reaching $40, while the most conservative target rests at $13. The standard deviation of all price targets is $19.091.
Using a simplified formula to determine if the stock presents a buying or selling opportunity, where 1 represents a Strong Buy and 5 represents a Strong Sell, the equity currently is rated 2.33, based on the consensus numbers. To see the direction where the consensus trends are heading, three months ago the stock had a rating of 2.33.
About Grupo Financiero Galicia S.A.
Grupo Financiero Galicia S.A. (Grupo Financiero Galicia) is a financial services holding company. Banco de Galicia y Buenos Aires S.A. (Banco Galicia) is the Company’s largest subsidiary. Banco Galicia is a bank that provides, directly or through its subsidiaries, a range of financial products and services to large corporations, small and medium sized companies (SMEs), and individuals. Through the operating subsidiaries of Tarjetas Regionales S.A., a holding company wholly owned by the Bank, the Company provides brand credit cards and consumer finance services throughout Argentina. Through Sudamericana Holding S.A. and its subsidiaries (Sudamericana) it provides insurance products in Argentina. It provides financial services through a distribution platform amongst private-sector financial institutions in Argentina. In November 2013, the Company announced the merger by incorporation of Lagarcue SA and Theseus SA into the Company with all their assets and liabilities.
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