Equity Profile

BMA

Banco Macro S.A.

FinancialsDiversified Banks$5.1B

May27Wed

Pre-Earnings Brief

UpcomingQ1-2026After Close5:00 PM EDT

Company Snapshot

Banco Macro S.A. is a leading financial institution in Argentina, providing a range of banking services including retail banking, corporate banking, and investment services....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of the company's profitability and financial health.

$2170.18

Revenue

Revenue figures help investors understand the company's sales performance and growth trajectory.

$1193.6B

Wall Street expectations, options signals, track record, and call prep available with Pro.

BMA Q1-2026 Earnings Preview

Context

Company Snapshot

Banco Macro S.A. is a leading financial institution in Argentina, providing a range of banking services including retail banking, corporate banking, and investment services. With a market cap of $5 billion, it plays a significant role in the financial sector, particularly as consumer spending and economic conditions fluctuate in the region.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+65.50%

Avg Stock Reaction

+1.00%

Last Quarter Recap

In Q4 2023, Banco Macro reported an impressive EPS of $8.89, significantly exceeding expectations. However, revenue figures were not disclosed, leaving some uncertainty about overall performance.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about Banco Macro's upcoming earnings, with expectations for strong EPS growth. However, the lack of management guidance raises concerns about revenue stability.

Bull Case

If Banco Macro meets or exceeds the EPS consensus, it could signal robust operational performance and investor confidence, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet EPS expectations, it could raise doubts about its profitability and lead to a negative market reaction.

Key Metrics to Watch

EPS

$2170.18

Earnings per share is a key indicator of the company's profitability and financial health.

Revenue

$1193.6B

Revenue figures help investors understand the company's sales performance and growth trajectory.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS meet or exceed the consensus of $2170.18?

A strong EPS could reinforce investor confidence and validate the company's growth strategy, while a miss could raise concerns about profitability.

What insights can be provided regarding revenue performance?

Understanding revenue trends is crucial for assessing the company's overall health and growth potential, especially given the lack of guidance.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the impact of recent economic policies that could positively affect Banco Macro's profitability this quarter.

Supporting Evidence

The company's strong historical EPS beat rate of 75% suggests it may outperform expectations.

Recent economic indicators in Argentina show signs of improvement, which could boost consumer spending and banking activity.

Key Risk

If revenue growth significantly outpaces expectations, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is eager to see if Banco Macro can maintain its profitability amidst economic fluctuations in Argentina.

Bull Confirmed If

An EPS of $2170.18 or higher would confirm strong profitability and investor confidence.

Bear Confirmed If

An EPS below $2003.90 would raise significant concerns about the company's financial health.

Pre-Earnings Positioning

Options Market

Implied Move

±17.59%

Historical Avg

±2.7%

Pricing rich

The options market is pricing in a significant potential move in either direction, indicating heightened investor uncertainty ahead of the earnings report.

Options are pricing ±17.6% while BMA has averaged ±2.7% over the last 8 prints — setup is pricing rich.

Detail

30d HV

49.4%

Calls (600)P/C Ratio: 3.67Puts (500)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Banco Macro beats EPS expectations, history suggests a potential average one-day move of +2.26%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may see muted reactions as investors await further clarity from management.

Miss

A miss on EPS could lead to a decline, with historical data suggesting an average one-day drop of -2.75%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any commentary on the impact of recent economic policies on consumer lending.
2Insights into the bank's strategy for managing credit risk in the current economic environment.
3Updates on any new banking products or services that could drive revenue growth.
4Discussion of competitive pressures in the Argentine banking sector.
5Management's outlook on future economic conditions and their potential impact on operations.

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Company Snapshot

Banco Macro S.A. is a leading financial institution in Argentina, providing a range of banking services including retail banking, corporate banking, and investment services....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of the company's profitability and financial health.

$2170.18

Revenue

Revenue figures help investors understand the company's sales performance and growth trajectory.

$1193.6B

Wall Street expectations, options signals, track record, and call prep available with Pro.

BMA Q1-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+65.50%

Avg Stock Reaction

+1.00%

Last Quarter Recap

In Q4 2023, Banco Macro reported an impressive EPS of $8.89, significantly exceeding expectations. However, revenue figures were not disclosed, leaving some uncertainty about overall performance.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about Banco Macro's upcoming earnings, with expectations for strong EPS growth. However, the lack of management guidance raises concerns about revenue stability.

Bull Case

If Banco Macro meets or exceeds the EPS consensus, it could signal robust operational performance and investor confidence, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet EPS expectations, it could raise doubts about its profitability and lead to a negative market reaction.

Key Metrics to Watch

EPS

$2170.18

Earnings per share is a key indicator of the company's profitability and financial health.

Revenue

$1193.6B

Revenue figures help investors understand the company's sales performance and growth trajectory.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS meet or exceed the consensus of $2170.18?

A strong EPS could reinforce investor confidence and validate the company's growth strategy, while a miss could raise concerns about profitability.

What insights can be provided regarding revenue performance?

Understanding revenue trends is crucial for assessing the company's overall health and growth potential, especially given the lack of guidance.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the impact of recent economic policies that could positively affect Banco Macro's profitability this quarter.

Supporting Evidence

The company's strong historical EPS beat rate of 75% suggests it may outperform expectations.

Recent economic indicators in Argentina show signs of improvement, which could boost consumer spending and banking activity.

Key Risk

If revenue growth significantly outpaces expectations, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is eager to see if Banco Macro can maintain its profitability amidst economic fluctuations in Argentina.

Bull Confirmed If

An EPS of $2170.18 or higher would confirm strong profitability and investor confidence.

Bear Confirmed If

An EPS below $2003.90 would raise significant concerns about the company's financial health.

Pre-Earnings Positioning

Options Market

Implied Move

±17.59%

Historical Avg

±2.7%

Pricing rich

The options market is pricing in a significant potential move in either direction, indicating heightened investor uncertainty ahead of the earnings report.

Options are pricing ±17.6% while BMA has averaged ±2.7% over the last 8 prints — setup is pricing rich.

Detail

30d HV

49.4%

Calls (600)P/C Ratio: 3.67Puts (500)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Banco Macro beats EPS expectations, history suggests a potential average one-day move of +2.26%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may see muted reactions as investors await further clarity from management.

Miss

A miss on EPS could lead to a decline, with historical data suggesting an average one-day drop of -2.75%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any commentary on the impact of recent economic policies on consumer lending.
2Insights into the bank's strategy for managing credit risk in the current economic environment.
3Updates on any new banking products or services that could drive revenue growth.
4Discussion of competitive pressures in the Argentine banking sector.
5Management's outlook on future economic conditions and their potential impact on operations.