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Credicorp (BAP) Moves 4.8% Higher: Will This Strength Last?
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Credicorp (BAP - Free Report) shares ended the last trading session 4.8% higher at $178.02. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.1% loss over the past four weeks.
Credicorp stock surged on the NYSE during a broad market rally, driven by President Donald Trump’s announcement of a 90-day tariff pause for non-retaliating nations. This news boosted investor confidence, triggering a sharp rise in BAP shares.
This Peruvian finance company is expected to post quarterly earnings of $5.31 per share in its upcoming report, which represents a year-over-year change of +4.9%. Revenues are expected to be $1.42 billion, up 9.2% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Credicorp, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on BAP going forward to see if this recent jump can turn into more strength down the road.
Credicorp belongs to the Zacks Banks - Foreign industry. Another stock from the same industry, Bancolombia (CIB - Free Report) , closed the last trading session 8% higher at $38.98. Over the past month, CIB has returned -12.7%.
Bancolombia's consensus EPS estimate for the upcoming report has changed -1% over the past month to $1.62. Compared to the company's year-ago EPS, this represents a change of -10%. Bancolombia currently boasts a Zacks Rank of #3 (Hold).
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Credicorp (BAP) Moves 4.8% Higher: Will This Strength Last?
Credicorp (BAP - Free Report) shares ended the last trading session 4.8% higher at $178.02. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.1% loss over the past four weeks.
Credicorp stock surged on the NYSE during a broad market rally, driven by President Donald Trump’s announcement of a 90-day tariff pause for non-retaliating nations. This news boosted investor confidence, triggering a sharp rise in BAP shares.
This Peruvian finance company is expected to post quarterly earnings of $5.31 per share in its upcoming report, which represents a year-over-year change of +4.9%. Revenues are expected to be $1.42 billion, up 9.2% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Credicorp, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on BAP going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Credicorp belongs to the Zacks Banks - Foreign industry. Another stock from the same industry, Bancolombia (CIB - Free Report) , closed the last trading session 8% higher at $38.98. Over the past month, CIB has returned -12.7%.
Bancolombia's consensus EPS estimate for the upcoming report has changed -1% over the past month to $1.62. Compared to the company's year-ago EPS, this represents a change of -10%. Bancolombia currently boasts a Zacks Rank of #3 (Hold).