Banco Macro SA Q1 Earnings: EPS ARS310.39, Revenue Up 138.6%
Banco Macro SA Reports Strong Q1 Earnings
Banco Macro SA (BMA.5) reported adjusted earnings of ARS310.39 per share for the quarter ended March 31, significantly higher than ARS70.14 in the same quarter last year. The result matched the average analyst estimate of ARS309.64.
Revenue and Stock Performance
Revenue surged 138.6% year-over-year to ARS1.38 trillion, though below the expected ARS4.20 trillion. The stock rose 4.4% during the quarter but declined 10.9% year-to-date.
Forecast Changes and Analyst Ratings
The mean earnings estimate increased by approximately 383.5% over the past three months, with no negative revisions in the last 30 days. The average analyst rating is "buy", with 6 "strong buy" or "buy" recommendations and no "hold" or "sell" ratings.
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