An earnings surprise is the calculated difference between a firm’s expected earnings numbers provided by Wall Street analysts and the actual reported numbers. A significant surprise factor often triggers sharp movements in the share price following the earnings release. For the most recent quarter, Grupo Financiero Galicia S.A. (NASDAQ:GGAL) reported earnings per share of $0.85 for the fiscal period ending on 2015-03-31, an earnings surprise factor of 8.97%. The actual number was $0.07 away from the brokerage firm consensus estimates. The sales surprise factor in per share dollar terms was $N/A for the most recent quarter or N/A%.
Grupo Financiero Galicia S.A. (NASDAQ:GGAL) is next scheduled to report quarterly earnings on 2015-08-06. Sell-side brokerages are expecting the company to report earnings of $0.7 per share, according to the 1 covering analysts that were polled by Zacks Research. Shareholders will be closely monitoring how the estimates fluctuate leading up to the expected report date.
In terms of price targets, sell-side brokerage firms are projecting that the stock will reach the range of $40-40. The average number taken from the 1 surveyed analysts, often referred to as the consensus price target, stands at $40.
Using a simplified 1 to 5 rating system produces a score of 2.25 for Grupo Financiero Galicia S.A., where 1 represents a Strong Buy rating and 5 would indicate a Strong Sell rating. In taking a look at the recent analyst sentiment, three months ago the rating mean stood at 2.25.
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.