Wall Street analysts polled by Zacks Research have given Grupo Financiero Galicia S.A. (NASDAQ:GGAL) a rating of 2.25 on a consensus basis. Using a simplified scale where 1 is a Strong Buy and 5 a Strong Sell, this is the average number of the 1 brokerages surveyed. The stock had a rating of 2.25 when analyst ratings were averaged three months ago.
The covering analysts have a one year price objective of $40 on Grupo Financiero Galicia S.A. (NASDAQ:GGAL). The most bullish brokerage firm sees the stock heading to $40 , while the most conservative estimate has an objective of $40.
Earnings Look
Wall Street will be paying close attention when Grupo Financiero Galicia S.A. reports their next quarterly earnings report on 2015-11-04. Analysts polled by Zacks are expecting earnings per share of $0.62 for the period ending 2015-09-30. This is the consensus number based on the 1 broker predictions taken into consideration. On a longer term basis, sell-side analysts who project long term growth are expecting earnings of $N/A. This is the three to five year estimate for both earnings and sales.
Most recently Grupo Financiero Galicia S.A. reported actual earnings of $0.82 per share for the quarter ending on 2015-06-30. The actual reported number was $0.11 away from what analysts had expected, yielding a surprise factor of 15.49%.
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.