Ally Financial (ALLY - Free Report) closed at $42.29 in the latest trading session, marking a -0.8% move from the prior day. This change lagged the S&P 500's daily gain of 0.13%. At the same time, the Dow added 0.05%, and the tech-heavy Nasdaq lost 0.5%.
Heading into today, shares of the auto finance company and bank had gained 5.39% over the past month, outpacing the Finance sector's gain of 5.38% and the S&P 500's gain of 1.1% in that time.
Investors will be hoping for strength from ALLY as it approaches its next earnings release. In that report, analysts expect ALLY to post earnings of $1.05 per share. This would mark year-over-year growth of 338.64%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.76 billion, up 24.4% from the year-ago period.
ALLY's full-year Zacks Consensus Estimates are calling for earnings of $4.43 per share and revenue of $7.23 billion. These results would represent year-over-year changes of +46.2% and +8.19%, respectively.
Any recent changes to analyst estimates for ALLY should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 3.59% higher. ALLY is currently a Zacks Rank #2 (Buy).
Investors should also note ALLY's current valuation metrics, including its Forward P/E ratio of 9.66. This valuation marks a discount compared to its industry's average Forward P/E of 9.75.
The Financial - Consumer Loans industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 43, which puts it in the top 17% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ALLY in the coming trading sessions, be sure to utilize Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Ally Financial (ALLY - Free Report) closed at $42.29 in the latest trading session, marking a -0.8% move from the prior day. This change lagged the S&P 500's daily gain of 0.13%. At the same time, the Dow added 0.05%, and the tech-heavy Nasdaq lost 0.5%.
Heading into today, shares of the auto finance company and bank had gained 5.39% over the past month, outpacing the Finance sector's gain of 5.38% and the S&P 500's gain of 1.1% in that time.
Investors will be hoping for strength from ALLY as it approaches its next earnings release. In that report, analysts expect ALLY to post earnings of $1.05 per share. This would mark year-over-year growth of 338.64%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.76 billion, up 24.4% from the year-ago period.
ALLY's full-year Zacks Consensus Estimates are calling for earnings of $4.43 per share and revenue of $7.23 billion. These results would represent year-over-year changes of +46.2% and +8.19%, respectively.
Any recent changes to analyst estimates for ALLY should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 3.59% higher. ALLY is currently a Zacks Rank #2 (Buy).
Investors should also note ALLY's current valuation metrics, including its Forward P/E ratio of 9.66. This valuation marks a discount compared to its industry's average Forward P/E of 9.75.
The Financial - Consumer Loans industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 43, which puts it in the top 17% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ALLY in the coming trading sessions, be sure to utilize Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on ALLY - FREE