Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Shares Gap Up - What's Next?

Key Points

• Grupo Financiero Banorte SAB de CV shares jumped from a closing price of $47.48 to an opening price of $50.11, before trading at $48.20 with a volume of 1,475 shares.
• The company reported quarterly earnings on July 22nd, with earnings per share (EPS) of $1.33, missing analyst estimates by $0.02 and generating revenue of $2.01 billion.
• Grupo Financiero Banorte's market capitalization stands at $27.39 billion, with a price-to-earnings ratio of 9.15 and a return on equity of 21.67%.

Shares of Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $47.48, but opened at $50.11. Grupo Financiero Banorte SAB de CV shares last traded at $48.20, with a volume of 1,475 shares.

Grupo Financiero Banorte SAB de CV Stock Performance

The business has a 50-day moving average price of $47.13 and a 200-day moving average price of $44.29. The firm has a market capitalization of $27.39 billion, a price-to-earnings ratio of 9.15, a P/E/G ratio of 0.98 and a beta of 0.76. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.54.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by ($0.02). Grupo Financiero Banorte SAB de CV had a return on equity of 21.67% and a net margin of 13.01%.The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $40.02 billion. As a group, sell-side analysts forecast that Grupo Financiero Banorte SAB de CV will post 4.84 earnings per share for the current year.

Grupo Financiero Banorte SAB de CV Company Profile

Grupo Financiero Banorte, SAB. de C.V., through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. The company accepts checking, current, retirement, and payroll accounts; and provides loans, including mortgage, car, payroll, personal, structured, syndicated, SME loans, and credit cards, as well as letter of credit financing, acquisition funding, and import and export foreign trade financing.

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