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QFIN, GHM, CRNC, SUPV and MLAB have been added to the Zacks Rank #1 (Strong Buy) List on August 26, 2024.
Does Grupo Supervielle (SUPV) have what it takes to be a top stock pick for momentum investors? Let's find out.
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Grupo Supervielle (SUPV) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
BUENOS AIRES, Argentina--(BUSINESS WIRE)--Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), (“Supervielle” or the “Company”) a universal financial services group headquartered in Argentina with a nationwide presence, today reported results for the three month period ended March 31, 2024. Starting 1Q20, the Company began reporting results applying Hyperinflation Accounting, in accordance with IFRS rule IAS 29 (“IAS 29”) as established by the Central Bank. Management Commentary Commenting on first.
Execution risk on Supervielle has risen in light of its current CEO's recent departure. Fundamentally, however, the bank remains on the right track to capitalize on Argentina's latest regime shift. With the stock also priced at a wide relative discount to its peers, there's arguably more reward per unit of risk here.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Grupo Supervielle (SUPV) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Grupo Supervielle S.A. (NYSE:SUPV ) Q3 2022 Earnings Conference Call November 10, 2022 10:00 AM ET Company Participants Ana Bartesaghi - Treasurer and IR Officer Patricio Supervielle - Chairman and CEO Mariano Biglia - CFO Conference Call Participants Ana Bartesaghi Good morning, everyone.