Credicorp Surges 84.8% Yearly, Upholds A Momentum Score and Buy Ranking
Credicorp shares have risen 3.63% over the past week, 17.3% over the past month and 41.34% in the past quarter, outperforming its foreign banking peers by over 12.6 percentage points monthly. Consensus full-year earnings estimates climbed from $25.33 to $25.69 per share over the last 60 days, supporting its A Momentum Style Score and a #2 (Buy) rank.
1. Price Performance and Momentum Score
Credicorp’s stock has outpaced the Zacks Banks – Foreign industry, climbing 3.63% last week versus a 2% industry rise, 17.3% monthly versus 4.66%, and 41.34% quarterly against its peers’ modest gains. These consistent advances underpin its top-tier Momentum Style Score of A, reflecting strong buyer interest and price strength.
2. Earnings Estimate Revisions
Over the past two months, full-year earnings forecasts rose from $25.33 to $25.69 per share on two upward revisions with no downgrades, while next-fiscal-year estimates saw a similar pattern. These positive estimate changes bolster investor confidence and contribute to its Buy rating.
3. Analyst Ranking and Implications
Credicorp holds a Zacks Rank of #2 (Buy), indicating potential outperformance over the next month based on historical data for similarly ranked stocks. Investors may view this combination of momentum metrics and favorable analyst revisions as a signal for further upside potential.