Intercorp Financial Services (NYSE:IFS) Releases Earnings Results, Beats Expectations By $0.02 EPS

Intercorp Financial Services (NYSE:IFS) issued its quarterly earnings data on Monday. The company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.02, FiscalAI reports. The business had revenue of $497.27 million for the quarter, compared to analysts’ expectations of $513.01 million. Intercorp Financial Services had a net margin of 34.81% and a return on equity of 17.06%.

Intercorp Financial Services Price Performance

Shares of Intercorp Financial Services stock traded up $1.18 during trading on Monday, hitting $47.77. The stock had a trading volume of 161,646 shares, compared to its average volume of 258,939. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.10 and a quick ratio of 1.08. The firm has a market cap of $5.31 billion, a P/E ratio of 8.73, a PEG ratio of 0.61 and a beta of 0.70. The business has a fifty day moving average of $53.27 and a two-hundred day moving average of $51.88. Intercorp Financial Services has a fifty-two week low of $38.29 and a fifty-two week high of $61.38.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of Intercorp Financial Services from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Zacks Research cut shares of Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 27th. JPMorgan Chase & Co. boosted their price target on shares of Intercorp Financial Services from $56.00 to $62.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Finally, Weiss Ratings lowered shares of Intercorp Financial Services from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 30th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.00.

Intercorp Financial Services Company Profile

Intercorp Financial Services Inc is a Peru-based financial services holding company and part of the Intercorp group. Through its subsidiaries, it provides banking, insurance, wealth management and payment services, primarily in Peru.

Its banking operations, conducted through Interbank, serve individual and business customers with products such as deposits, loans, credit cards and digital banking services. The company also offers insurance products through Interseguro, including life and savings-related coverage.

Other businesses include Inteligo, which provides wealth management, investment and brokerage services, and Izipay, which offers payment processing solutions to merchants.