Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has been handed a rating of 2.33 on a consensus basis by Zacks Research. Using a simplified 1 to 5 scale where 5 represents a Strong Sell and 1 a Strong Buy, 2 analysts polled by Zacks had their ratings weighed into this average. In order to measure the direction of the analyst sentiment, the same analysts had a rating of 2.33 on the equity three months ago.
Sell-side analysts covering Grupo Financiero Galicia S.A. (NASDAQ:GGAL) have a one year price average objective of $26.5 on the equity. The targets range from $13 to $40, according to the data from research firms surveyed by Zacks.
Earnings in Focus
Analysts on the Street are anticipating Grupo Financiero Galicia S.A. will report earnings per share of $0.69 for the fiscal quarter ending on 2015-06-30. Estimates from 2 brokers were taken into consideration to arrive at this estimate. Looking ahead on a three to five year basis, Wall Street is expecting earnings of $N/A per share on the stock. This is the best estimate according to Zacks for sales and earnings over that time span.
Investors and analysts alike will be marking their calendars when Grupo Financiero Galicia S.A. is expected to report earnings on 2015-08-06. The company will be trying to improve on the previous quarter’s numbers of $0.85 for the quarter ending on 2015-03-31. The actual EPS was 8.97% away from what analysts had expected, or a $0.07 difference.
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.