All You Need to Know About Banco Santander-Chile (BSAC) Rating Upgrade to Buy

24.06.24 18:00 Uhr

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Banco Santander-Chile (BSAC) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.As such, the Zacks rating upgrade for Banco Santander-Chile is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Banco Santander-Chile imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.Earnings Estimate Revisions for Banco Santander-ChileFor the fiscal year ending December 2024, this financial holding company is expected to earn $1.85 per share, which is a change of 45.7% from the year-ago reported number.Analysts have been steadily raising their estimates for Banco Santander-Chile. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.8%.Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.You can learn more about the Zacks Rank here >>>The upgrade of Banco Santander-Chile to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.Free Report: 5 “Whisper” Stocks Poised to Stun Wall Street Analysts may be seriously underestimating these stocks. When they announce earnings, they could immediately jump +10-20%.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Banco Santander Chile (BSAC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Quelle: Zacks

Nachrichten zu Santander S.A. (Banco Santander Central Hispano)

Analysen zu Santander S.A. (Banco Santander Central Hispano)

DatumRatingAnalyst
17.07.2024Santander BuyUBS AG
12.07.2024Santander NeutralJP Morgan Chase & Co.
09.07.2024Santander Sector PerformRBC Capital Markets
24.06.2024Santander BuyJefferies & Company Inc.
24.05.2024Santander BuyJefferies & Company Inc.
DatumRatingAnalyst
17.07.2024Santander BuyUBS AG
24.06.2024Santander BuyJefferies & Company Inc.
24.05.2024Santander BuyJefferies & Company Inc.
21.05.2024Santander BuyDeutsche Bank AG
02.05.2024Santander BuyUBS AG
DatumRatingAnalyst
12.07.2024Santander NeutralJP Morgan Chase & Co.
09.07.2024Santander Sector PerformRBC Capital Markets
24.05.2024Santander Sector PerformRBC Capital Markets
13.05.2024Santander NeutralJP Morgan Chase & Co.
07.05.2024Santander Sector PerformRBC Capital Markets
DatumRatingAnalyst
28.07.2021Santander UnderperformJefferies & Company Inc.
15.07.2021Santander UnderperformJefferies & Company Inc.
07.06.2021Santander UnderperformJefferies & Company Inc.
25.02.2021Santander UnderperformJefferies & Company Inc.
03.02.2021Santander UnderperformJefferies & Company Inc.

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Santander S.A. (Banco Santander Central Hispano) nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"