Can Grupo Financiero (GGAL) Continue to Surge?
One company that should be on your radar is Grupo Financiero Galicia S.A. (GGAL). The stock of this banking company has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For GGAL’s full year estimate, we have seen 2 estimates go higher in the past 30 days, compared to no downward revision. This trend has helped the consensus estimate to trend higher, going from $2.15 a share a month ago to its current level at $2.26.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, GGAL has seen some pretty solid trading lately, as the company has moved higher by 23.3% in the past month.
If Grupo Financiero can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put GGAL on your watch list for the future.
Other top-ranked stocks worth considering in this space include Banco Macro S.A. (BMA), Westpac Banking Corporation (WBK), and Credit Agricole S.A. (CRARY). All these carry a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
GRUPO FINAN GALICIA SA ADS (GGAL): Free Stock Analysis Report
BANCO MACRO SA (BMA): Free Stock Analysis Report
WESTPAC BANKING CORP (WBK): Free Stock Analysis Report
CREDIT AGRICOLE SA (CRARY): Free Stock Analysis Report
Zacks Investment Research
