Back to top

Image: Bigstock

Inter & Co. Inc. (INTR) Surges 19.7%: Is This an Indication of Further Gains?

Read MoreHide Full Article

Inter & Co. Inc. (INTR - Free Report) shares rallied 19.7% in the last trading session to close at $6.56. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 3.2% loss over the past four weeks.

Inter&Co retained its rally for the second straight day, driven by strength in its integrated financial SuperApp that combines banking, credit, shopping, investments, insurance, global services and loyalty in one digital ecosystem. Its fully licensed bank supports deposit gathering and efficient funding, while the broad product suite encourages cross-selling and deeper client relationships. Technology and data analytics further strengthen Inter&Co’s competitive position.

Its cloud-native, modular architecture supports rapid product launches, scalability and lower operating costs, while proprietary data, machine learning and AI help personalize offers and improve underwriting. Recently, INTR shares might have received an impetus after Brazil’s first-round presidential election outcome raised expectations of a shift toward tighter fiscal policy and greater spending discipline.

This company is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of +35.7%. Revenues are expected to be $526.03 million, up 32.5% 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 Inter & Co. Inc., 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 INTR 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 >>>>

Inter & Co. Inc. is a member of the Zacks Financial - Miscellaneous Services industry. One other stock in the same industry, StoneX Group Inc. (SNEX - Free Report) , finished the last trading session 2.5% higher at $67.43. SNEX has returned -5.3% over the past month.

For StoneX Group, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.86. This represents a change of +22.9% from what the company reported a year ago. StoneX Group currently has a Zacks Rank of #1 (Strong Buy).

Published in