Ally Financial (ALLY - Free Report) closed the most recent trading day at $26.52, moving +0.57% from the previous trading session. The stock lagged the S&P 500's daily gain of 1.33%. At the same time, the Dow added 1.14%, and the tech-heavy Nasdaq gained 2.94%.
Heading into today, shares of the auto finance company and bank had gained 12.07% over the past month, outpacing the Finance sector's gain of 0.75% and the S&P 500's gain of 6.11% in that time.
Wall Street will be looking for positivity from Ally Financial as it approaches its next earnings report date. This is expected to be April 19, 2023. On that day, Ally Financial is projected to report earnings of $0.88 per share, which would represent a year-over-year decline of 56.65%. Our most recent consensus estimate is calling for quarterly revenue of $2.05 billion, down 4.1% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.57 per share and revenue of $8.32 billion. These totals would mark changes of -41.09% and -1.24%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Ally Financial. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.28% lower. Ally Financial currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Ally Financial is currently trading at a Forward P/E ratio of 7.39. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 7.39.
The Financial - Consumer Loans industry is part of the Finance sector. This group has a Zacks Industry Rank of 96, putting it in the top 39% 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 the most recent trading day at $26.52, moving +0.57% from the previous trading session. The stock lagged the S&P 500's daily gain of 1.33%. At the same time, the Dow added 1.14%, and the tech-heavy Nasdaq gained 2.94%.
Heading into today, shares of the auto finance company and bank had gained 12.07% over the past month, outpacing the Finance sector's gain of 0.75% and the S&P 500's gain of 6.11% in that time.
Wall Street will be looking for positivity from Ally Financial as it approaches its next earnings report date. This is expected to be April 19, 2023. On that day, Ally Financial is projected to report earnings of $0.88 per share, which would represent a year-over-year decline of 56.65%. Our most recent consensus estimate is calling for quarterly revenue of $2.05 billion, down 4.1% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.57 per share and revenue of $8.32 billion. These totals would mark changes of -41.09% and -1.24%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Ally Financial. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.28% lower. Ally Financial currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Ally Financial is currently trading at a Forward P/E ratio of 7.39. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 7.39.
The Financial - Consumer Loans industry is part of the Finance sector. This group has a Zacks Industry Rank of 96, putting it in the top 39% 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 >>
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