Grupo Financiero Galicia S.A. (NASDAQ:GGAL) reported an earnings surprise of 15.49% when the company last reported earnings for the period ending on 2015-06-30. The reported EPS of $0.82 was $0.11 away from what Wall Street analysts had expected. A significant surprise factor often results in stock volatility and sharp price movements following the earnings announcement. In terms of sales expectations, the surprise factor in per share dollar terms was $N/A away from what analysts had projected for the quarter, or a difference of N/A%.
Looking ahead, Grupo Financiero Galicia S.A. (NASDAQ:GGAL) is expected to issue their next earnings release for the current quarter on 2015-11-04. Wall Street analysts surveyed by Zacks Research are projecting earnings per share of $0.62. This is the consensus number based on the 1 estimates taken into account. Investors will be closely watching the EPS estimate movement leading up to the expected report date.
Price Target
Brokerage firm analysts covering the stock are estimating that the stock will reach $40 on a short term basis. This is the consensus price target based on the 1 polled by Zacks Research. The highest estimate stands at 40 while the lowest target is $40.
Zacks uses a simplified rating system, assigning a number from 1 to 5 for each analyst rating, where 1 represents a Strong Buy recommendation and 5 a Strong Sell. Based on the analysts taken into account by Zacks, the average rating currently stands at 2.25 for Grupo Financiero Galicia S.A.. When analysts were polled 3 months ago, the rating 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.