Nov
3
Analysts expect Grupo Financiero Galicia (NASDAQ:GGAL) to post $0.73 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Grupo Financiero Galicia’s earnings. The highest EPS estimate is $0.75 and the lowest is $0.70. Grupo Financiero Galicia posted earnings per share of $0.87 during the same quarter last year, which would indicate a negative year-over-year growth rate of 16.1%. The company is scheduled to announce its next earnings results on Wednesday, November 4th.
According to Zacks, analysts expect that Grupo Financiero Galicia will report full-year earnings of $3.03 per share for the current fiscal year, with EPS estimates ranging from $2.94 to $3.11. For the next financial year, analysts forecast that the firm will report earnings of $2.57 per share, with EPS estimates ranging from $2.40 to $2.74. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Grupo Financiero Galicia.
A number of equities analysts have recently weighed in on the stock. Zacks raised shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Wednesday, October 7th. Piper Jaffray upgraded shares of Grupo Financiero Galicia from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Monday, July 20th. Finally, Raymond James upgraded shares of Grupo Financiero Galicia from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research note on Monday, July 20th.
Shares of Grupo Financiero Galicia (NASDAQ:GGAL) traded down 3.07% during midday trading on Monday, hitting $25.93. 665,885 shares of the stock were exchanged. The firm has a market cap of $3.37 billion and a P/E ratio of 8.62. Grupo Financiero Galicia has a 12-month low of $13.81 and a 12-month high of $27.98. The firm has a 50 day moving average of $20.34 and a 200 day moving average of $20.42.
Grupo Financiero Galicia S.A. (NASDAQ:GGAL) is a financial services holding company. Banco de Galicia y Buenos Aires S.A. (Banco Galicia) is the Firm’s largest subsidiary. Banco Galicia is a bank that provides, directly or through its subsidiaries, a range of services and fiscal products to big corporations, medium and small sized companies (SMEs), and people. Through the operating subsidiaries of Tarjetas Regionales S.A., a holding company fully owned by the Bank, the Company supplies brand credit cards and consumer finance services throughout Argentina. Through Sudamericana Holding S.A. and its subsidiary companies (Sudamericana) it supplies insurance products in Argentina. It offers financial services amongst private-sector financial institutions by way of a distribution platform.
To get a free copy of Zacks’ research report on Grupo Financiero Galicia (GGAL), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com
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