Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has been issued a 2.33 rating by the sell-side brokerage firms covering the stock. Basing the rating on a simplified scale where 1 represents a Buy and 5 represents a Sell, this is the average rating based on the 1 firms polled by Zacks Research. To determine the direction the stock sentiment is headed, it’s noted that the stock had a rating of 2.33 three months ago.
The sell-side brokers covering the equity also have issued projected stock price objectives on the company. The one year projections range from a high of $40 to the low of $40. The mean price target of all analysts taken into consideration by Zacks is $40.
Earnings at a Glance
Near term, Wall Street brokerage analysts are expecting Grupo Financiero Galicia S.A. (NASDAQ:GGAL) to report earnings of $0.69 per share for the fiscal quarter ending on 2015-06-30. This is the calculated earnings per share estimate from the 1 polled by Zacks. In taking a look further ahead three to five years, analysts have a long-term growth EPS estimate of $N/A. This number is the best estimate for sales and earnings over that time frame.
Stock holders will be watching when Grupo Financiero Galicia S.A. reports their next earnings results on 2015-08-06. Most recently the firm announced earnings per share of $0.85 for the quarter which ended on 2015-03-31. Compared to analyst expectations just before the announcement, the actual results were $0.07 away from that number, or a surprise factor of 8.97%.
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.