IFS Earnings Prediction
The chart below shows how IFS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IFS sees a -2.07% change in stock price 10 days leading up to the earnings, and a +2.08% change 10 days following the report. On the earnings day itself, the stock moves by -0.45%. This data can give you a slight idea of what to expect for the next quarter's release.
IFS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.57B
9.48%
6.45%
Gross Margin
--
--
--
Operating Margin
31.66%
166.27%
64.64%
Net Margin
24.80%
82.49%
28.03%
EPS
3.39
100.59%
36.14%
No Data Available
IFS Earnings Analysis
Intercorp Financial Services Inc. Corporation (IFS.N) Earnings Conference Call
Positive
Net Income Surge: 1. Doubling Net Income: Intercorp Financial Services reported a net income of S/ 390 million for Q3 2024, more than double the amount from the same period last year, reflecting a strong recovery in earnings.
ROE Improvement: 2. Improved ROE: The company's return on equity (ROE) reached over 15% in Q3 2024, indicating a significant improvement from previous quarters and aligning with their medium-term growth targets.
Asset Management Growth: 3. Growth in Assets Under Management: Wealth Management assets under management grew by 19% year-over-year, reaching a historical maximum of $7.1 billion, showcasing strong performance in this segment.
Insurance Premiums Surge: 4. Increase in Insurance Premiums: Interseguro experienced a 13% year-over-year growth in premiums, with individual life and private annuities growing by 23% and over 100%, respectively, highlighting the strength of their insurance offerings.
Market Share Expansion: 5. Market Share Gains: Interbank's market share in retail deposits exceeded 15%, and their commercial loans market share reached an all-time high of 10.6%, reflecting successful strategies in expanding their customer base.
Negative
Data Breach Concerns: 1. Data Breach Incident: An unauthorized third party accessed and exposed certain client data, raising concerns about security and potential regulatory scrutiny.
Service Interruptions Impact: 2. Operational Disruption: Interbank experienced service interruptions on October 30-31, which could have negatively impacted customer trust and satisfaction.
Loan Growth Slowdown: 3. Loan Growth Moderation: Overall loan book growth was only 1% in the quarter, indicating a slowdown in lending activity compared to previous periods.
Credit Card Portfolio Decline: 4. Decline in Credit Card Portfolio: The credit card segment saw a decrease of 5% quarter-over-quarter, reflecting a cautious approach to risk management and lending.
Cost of Risk Fluctuations: 5. Cost of Risk Concerns: Despite a decrease to 3.1%, the cost of risk remains a concern, with expectations of fluctuations due to the mix of consumer and commercial loans.
IFS FAQs
How does IFS typically perform around its earnings report dates?
Is Intercorp Financial Services Inc. (IFS) Q3 2024 Earnings Call Summary positive or negative?
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IFS Earning Call Sentiment
Intercorp Financial Services Inc. (IFS) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
IFS.N
-2.37%Positive
The earnings call reveals mixed signals: strong financial performance, with net income more than doubling YoY and ROE above 15%, suggest positive sentiment. However, issues like operational and data security risks, lack of explicit shareholder return plans, and cautious guidance on loan growth and regulatory risks introduce uncertainties. The market cap indicates moderate volatility, and with no major catalysts like partnerships or secondary offerings, the stock is likely to remain stable, resulting in a neutral outlook.
