Zacks: Brokerages Expect Grupo Supervielle SA -ADR (SUPV) to Announce $0.43 Earnings Per Share

Wall Street analysts forecast that Grupo Supervielle SA -ADR (NASDAQ:SUPV) will post earnings per share (EPS) of $0.43 for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Grupo Supervielle SA -ADR’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.40. Grupo Supervielle SA -ADR posted earnings of $0.40 per share during the same quarter last year, which would indicate a positive year over year growth rate of 7.5%. The business is scheduled to issue its next quarterly earnings results on Thursday, November 9th.

According to Zacks, analysts expect that Grupo Supervielle SA -ADR will report full-year earnings of $1.79 per share for the current fiscal year, with EPS estimates ranging from $1.75 to $1.82. For the next year, analysts expect that the business will post earnings of $2.34 per share, with EPS estimates ranging from $2.29 to $2.39. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Grupo Supervielle SA -ADR.

Several research analysts have issued reports on SUPV shares. BidaskClub raised Grupo Supervielle SA -ADR from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 3rd. UBS AG raised their target price on Grupo Supervielle SA -ADR from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, September 21st. Bank of America Corporation reissued a “buy” rating and issued a $24.00 target price (up from $17.00) on shares of Grupo Supervielle SA -ADR in a research report on Friday, July 14th. Finally, Zacks Investment Research cut Grupo Supervielle SA -ADR from a “hold” rating to a “sell” rating in a research report on Thursday.

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A number of large investors have recently made changes to their positions in the business. Eqis Capital Management Inc. purchased a new position in Grupo Supervielle SA -ADR in the third quarter worth about $358,000. Dynamic Technology Lab Private Ltd purchased a new position in Grupo Supervielle SA -ADR in the second quarter worth about $185,000. Wasatch Advisors Inc. boosted its position in Grupo Supervielle SA -ADR by 141.8% in the second quarter. Wasatch Advisors Inc. now owns 344,348 shares of the company’s stock worth $6,226,000 after purchasing an additional 201,931 shares during the last quarter. Capital World Investors purchased a new position in Grupo Supervielle SA -ADR in the second quarter worth about $4,609,000. Finally, Discovery Capital Management LLC CT boosted its position in Grupo Supervielle SA -ADR by 11.1% in the second quarter. Discovery Capital Management LLC CT now owns 1,000,000 shares of the company’s stock worth $18,080,000 after purchasing an additional 100,000 shares during the last quarter.

About Grupo Supervielle SA -ADR

Grupo Supervielle SA is an Argentina-based holding company primarily engaged in the financial sector. The Company provides services through numerous subsidiaries, such as Banco Supervielle SA, that offers bank services, mainly to individuals and commercial customers; Cordial Compania Financiera SA, which focuses on credit card issuing, as well as providing consumer loans and insurance for Wal-Mart Argentina customers; Tarjeta Automatica SA, which issues and administrates credit cards; Cordial Microfinanzas SA, that offers financing for urban micro-enterprises; Supervielle Seguros SA, which sells insurance products; Supervielle Asset Management Sociedad Gerente de FCI SA, which manages investment funds, and Espacio Cordial Servicios SA, that distributes audio and video equipment, computers, home appliance and air conditioning units, among others.

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