Ally Financial (ALLY - Free Report) reported $1.99 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 5.4%. EPS of $0.45 for the same period compares to $0.82 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.96 billion, representing a surprise of +1.21%. The company delivered an EPS surprise of +36.36%, with the consensus EPS estimate being $0.33.
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:
- Total interest-earning assets (Average Balances): $186.93 billion versus $185.46 billion estimated by five analysts on average.
- Net interest margin (as reported): 3.1% compared to the 3.2% average estimate based on four analysts.
- Efficiency Ratio: 65.9% versus the four-analyst average estimate of 63.2%.
- Net charge-offs to average finance receivables and loans outstanding: 1.6% versus 1.6% estimated by four analysts on average.
- Total other revenue: $530 million compared to the $507.13 million average estimate based on five analysts. The reported number represents a change of +6.4% year over year.
- Insurance premiums and service revenue earned: $345 million versus the five-analyst average estimate of $331.80 million. The reported number represents a year-over-year change of +12.8%.
- Gain on mortgage and automotive loans, net: $6 million versus $4.13 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +50% change.
- Net financing revenue: $1.46 billion compared to the $1.45 billion average estimate based on five analysts.
- Other income, net of losses: $150 million versus the four-analyst average estimate of $133.21 million. The reported number represents a year-over-year change of +31.6%.
- Total financing revenue and other interest income: $3.58 billion versus the four-analyst average estimate of $3.58 billion. The reported number represents a year-over-year change of +9%.
- Interest and fees on finance receivables and loans: $2.83 billion compared to the $2.86 billion average estimate based on three analysts. The reported number represents a change of +9.8% year over year.
- Operating leases: $356 million versus the three-analyst average estimate of $367.49 million. The reported number represents a year-over-year change of -11.4%.
View all Key Company Metrics for Ally Financial here>>>Shares of Ally Financial have returned -9.2% over the past month versus the Zacks S&P 500 composite's -1.7% 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 $1.99 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 5.4%. EPS of $0.45 for the same period compares to $0.82 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.96 billion, representing a surprise of +1.21%. The company delivered an EPS surprise of +36.36%, with the consensus EPS estimate being $0.33.
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:
- Total interest-earning assets (Average Balances): $186.93 billion versus $185.46 billion estimated by five analysts on average.
- Net interest margin (as reported): 3.1% compared to the 3.2% average estimate based on four analysts.
- Efficiency Ratio: 65.9% versus the four-analyst average estimate of 63.2%.
- Net charge-offs to average finance receivables and loans outstanding: 1.6% versus 1.6% estimated by four analysts on average.
- Total other revenue: $530 million compared to the $507.13 million average estimate based on five analysts. The reported number represents a change of +6.4% year over year.
- Insurance premiums and service revenue earned: $345 million versus the five-analyst average estimate of $331.80 million. The reported number represents a year-over-year change of +12.8%.
- Gain on mortgage and automotive loans, net: $6 million versus $4.13 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +50% change.
- Net financing revenue: $1.46 billion compared to the $1.45 billion average estimate based on five analysts.
- Other income, net of losses: $150 million versus the four-analyst average estimate of $133.21 million. The reported number represents a year-over-year change of +31.6%.
- Total financing revenue and other interest income: $3.58 billion versus the four-analyst average estimate of $3.58 billion. The reported number represents a year-over-year change of +9%.
- Interest and fees on finance receivables and loans: $2.83 billion compared to the $2.86 billion average estimate based on three analysts. The reported number represents a change of +9.8% year over year.
- Operating leases: $356 million versus the three-analyst average estimate of $367.49 million. The reported number represents a year-over-year change of -11.4%.
View all Key Company Metrics for Ally Financial here>>>Shares of Ally Financial have returned -9.2% over the past month versus the Zacks S&P 500 composite's -1.7% 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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