Banco Bradesco S.A. ADR (BBD) is looking forward to a strong quarter

With 43.93 million shares changed hands, the volume of the stock remained heavier than its average volume of 42.03 million shares. The 52-week range on BBD shows that it touched its highest point at $2.81 and its lowest point at $1.75 during that stretch. It currently has a 1-year price target of $4.10. With its current market cap of 14.59 billion, BBD has annualized dividend of $0.04 while the current yield stands at 1.44%. Beta for the stock currently stands at 0.69.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BBD was up-trending over the past week, with a rise of 17.02%, but this was up by 25.74% over a month. Three-month performance surged to 29.59% while six-month performance rose 21.54%. The stock gained 15.19% in the past year, while it has gained 51.44% so far this year. A look at the trailing 12-month EPS for BBD yields 0.32 with Next year EPS estimates of 0.44. For the next quarter, that number is 0.09. This implies an EPS growth rate of 19.30% for this year and 15.59% for next year. EPS is expected to grow by 15.37% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -10.85%.

Float and Shares Shorts:

At present, 5.30 billion BBD shares are outstanding with a float of 5.30 billion shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BBD since 5 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.01355 being high and $1.7259 being low. For BBD, this leads to a yearly average estimate of $1.89849. Based on analyst estimates, the high estimate for the next quarter is $0.1 and the low estimate is $0.09. The average estimate for the next quarter is thus $0.1.