Grupo Financiero Galicia S.A. (NASDAQ:GGAL) shares have been an average broker rating (ABR) of 2.25 at Zacks Research. This is based on a simplified scale taking into account the recommendations posted by 1 research firms covering the stock, tracked by Zacks. A stock with a low ABR (1 or 2) means that is either rated a Buy or Strong Buy on a consensus basis. A stock with a higher ABR (3-5) typically means analysts recommending to Hold or Sell. Three months ago the stock’s ABR was at 2.25, which gives a glance at which direction the sentiment is headed.
The research analysts covering the equity also have issued future price target predictions for the company. On a consensus basis, Wall Street sees the stock going to $40 within the year. The most aggressive analyst sees the stock reaching $40 which the most conservative has their target at $40.
Earnings in Spotlight
Sell-side analysts on Wall Street are estimating that Grupo Financiero Galicia S.A. (NASDAQ:GGAL) will report earnings per share of $0.62 for the current quarter which will end on 2015-09-30. This number is based on the mean numbers from the analysts tracked by Zacks
Investors and potential shareholders will be closely watching when Grupo Financiero Galicia S.A. issues their next quarterly earnings report on or around 2015-11-04. They will be paying particular attention to how the company’s actual earnings matches up against Wall Street expectations. Most recently, the company posted an earnings surprise factor of 15.49%, or a difference of $0.11 per share from what analysts were anticipating.
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.