Intercorp Financial Services Inc. (IFS) Is Up 3.84% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Intercorp Financial Services Inc. (IFS) - IFS currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [4] Performance Metrics - Over the past week, IFS shares increased by 3.84%, outperforming the Zacks Financial - Miscellaneous Services industry, which rose by 2.09% [6] - In the last month, IFS shares rose by 13.23%, while the industry saw a 15.1% increase [6] - Over the past quarter, IFS shares have risen by 12.45%, and over the last year, they have increased by 53.4%, compared to the S&P 500's performance of -2.26% and 13.85% respectively [7] Trading Volume - IFS has an average 20-day trading volume of 221,476 shares, which is a useful indicator for assessing price movements [8] Earnings Outlook - In the past two months, one earnings estimate for IFS has increased, while none have decreased, raising the consensus estimate from $4.23 to $4.29 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [10] Conclusion - Given the strong performance metrics and positive earnings outlook, IFS is identified as a promising momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [12]