Ally Financial (ALLY - Free Report) reported $1.97 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 2.4%. EPS of $0.83 for the same period compares to $1.12 a year ago.
The reported revenue represents a surprise of -3.53% over the Zacks Consensus Estimate of $2.04 billion. With the consensus EPS estimate being $0.80, the EPS surprise was +3.75%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ally Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net charge-offs to average finance receivables and loans outstanding: 1.3% versus the five-analyst average estimate of 1.3%.
- Net interest margin (as reported): 3.2% versus 3.3% estimated by five analysts on average.
- Efficiency Ratio: 62.6% compared to the 57.1% average estimate based on five analysts.
- Total interest-earning assets (Average Balances): $187.92 billion versus $187.98 billion estimated by five analysts on average.
- Total net revenue- Automotive Finance: $1.44 billion versus the two-analyst average estimate of $1.36 billion. The reported number represents a year-over-year change of +4.5%.
- Total net revenue- Insurance: $322 million versus $381.93 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +23.9% change.
- Total net revenue- Mortgage Finance: $57 million versus the two-analyst average estimate of $58.21 million. The reported number represents a year-over-year change of -10.9%.
- Revenue- Automotive Finance operations- Net financing revenue: $1.36 billion versus the two-analyst average estimate of $1.19 billion.
- Revenue- Mortgage Finance operations- Other revenue: $4 million versus $5.33 million estimated by two analysts on average.
- Revenue- Insurance operations- Net financing revenue: $29 million versus the two-analyst average estimate of $30.52 million.
- Revenue- Insurance operations- Other revenue: $293 million versus $323.91 million estimated by two analysts on average.
- Revenue- Mortgage Finance operations- Net financing revenue: $53 million compared to the $52.89 million average estimate based on two analysts.
View all Key Company Metrics for Ally Financial here>>>Shares of Ally Financial have returned -10.5% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Ally Financial (ALLY - Free Report) reported $1.97 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 2.4%. EPS of $0.83 for the same period compares to $1.12 a year ago.
The reported revenue represents a surprise of -3.53% over the Zacks Consensus Estimate of $2.04 billion. With the consensus EPS estimate being $0.80, the EPS surprise was +3.75%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ally Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net charge-offs to average finance receivables and loans outstanding: 1.3% versus the five-analyst average estimate of 1.3%.
- Net interest margin (as reported): 3.2% versus 3.3% estimated by five analysts on average.
- Efficiency Ratio: 62.6% compared to the 57.1% average estimate based on five analysts.
- Total interest-earning assets (Average Balances): $187.92 billion versus $187.98 billion estimated by five analysts on average.
- Total net revenue- Automotive Finance: $1.44 billion versus the two-analyst average estimate of $1.36 billion. The reported number represents a year-over-year change of +4.5%.
- Total net revenue- Insurance: $322 million versus $381.93 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +23.9% change.
- Total net revenue- Mortgage Finance: $57 million versus the two-analyst average estimate of $58.21 million. The reported number represents a year-over-year change of -10.9%.
- Revenue- Automotive Finance operations- Net financing revenue: $1.36 billion versus the two-analyst average estimate of $1.19 billion.
- Revenue- Mortgage Finance operations- Other revenue: $4 million versus $5.33 million estimated by two analysts on average.
- Revenue- Insurance operations- Net financing revenue: $29 million versus the two-analyst average estimate of $30.52 million.
- Revenue- Insurance operations- Other revenue: $293 million versus $323.91 million estimated by two analysts on average.
- Revenue- Mortgage Finance operations- Net financing revenue: $53 million compared to the $52.89 million average estimate based on two analysts.
View all Key Company Metrics for Ally Financial here>>>Shares of Ally Financial have returned -10.5% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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