All You Need to Know About Banco BBVA (BBAR) Rating Upgrade to Strong Buy

Core Viewpoint - Banco BBVA has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which are closely correlated with near-term stock price movements [4][6]. - Rising earnings estimates for Banco BBVA indicate an improvement in the company's underlying business, likely leading to increased stock prices [5][8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7][9]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revisions [10][11]. Earnings Estimate Revisions for Banco BBVA - Analysts expect Banco BBVA to earn $1.94 per share for the fiscal year ending December 2024, reflecting a year-over-year change of 10.2% [8]. - The Zacks Consensus Estimate for Banco BBVA has increased by 3.2% over the past three months, indicating positive sentiment among analysts [8].