Preview: Banco Macro's Earnings
Portfolio Pulse from Benzinga Insights
Banco Macro (NYSE:BMA) is scheduled to release its quarterly earnings report on February 28, 2024. Analysts predict an EPS of $1.71. The company's past performance includes beating the EPS estimate by $0.54 in Q3 2023, but the share price dropped by 7% the following day. Shares are currently trading at $36.95, with an 82.25% increase over the last 52 weeks. Investors are advised to pay attention to the company's guidance for future growth.
February 27, 2024 | 7:02 pm
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NEUTRAL IMPACT
Banco Macro is expected to announce its quarterly earnings with an anticipated EPS of $1.71. The stock has seen significant growth over the past year, with a 82.25% increase.
The anticipation of Banco Macro's earnings report and its past performance of beating EPS estimates but experiencing a stock price drop the following day creates uncertainty. The significant year-to-date stock growth suggests investor confidence, but the actual impact of the earnings report will depend on whether the company meets or exceeds EPS estimates and the future guidance it provides.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100