Argentine bank, Banco Macro (BMA), has seen a year-to-date (YTD) stock value increase of 10.1%, surpassing the Banks - Foreign industry average gain of 9.1%. This performance, coupled with the bank's high earnings quality and high return on invested capital, as highlighted by InvestingPro Tips, has earned BMA a Buy rating from the Zacks Rank system, according to data released on Monday.
The Zacks Rank system, which includes BMA among its 848 companies in the finance sector, ranks this sector as 13th out of 16 sectors. BMA's recent surge in quarter earnings estimates by 100.7% underscores positive analyst sentiment and a promising outlook for the bank. This outlook is further reinforced by InvestingPro's real-time metrics which show a market cap of 2980M USD and a P/E ratio of 14.09, indicating a solid financial standing.
In addition to these metrics, BMA's strong earnings have allowed it to continue dividend payments with a notable dividend yield of 28.3%, as per InvestingPro data. The stockholders are receiving high returns on book equity, making BMA an attractive investment proposition. The bank has also seen revenue growth of 48.35% in the last twelve months (LTM2023.Q2), with total revenue reaching 2646.69M USD, according to InvestingPro's real-time metrics.
In contrast, Assurant (NYSE:AIZ), operating in the Insurance - multi-line industry, managed to secure an 18.5% stock value increase YTD despite an overall decline of 3.7% in its industry. Over the past three months, AIZ's EPS estimate growth of 14.1% has also resulted in a Buy rating from Zacks.
BMA, a prominent player in the bank industry, is trading at a low P/E ratio relative to near-term earnings growth, as per InvestingPro Tips. This, along with the fact that analysts anticipate sales growth in the current year, makes BMA a compelling choice for investors seeking robust returns. For more insights like these, check out the additional 16 tips on InvestingPro's platform.
Despite some volatility in the stock price movements, BMA's strong return over the last five years and a large price uptick over the last six months, as identified by InvestingPro Tips, underscore its potential for sustained growth. The bank's next earnings date is scheduled for 2023-11-22, a significant event that could further impact its stock performance.
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