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Ally Financial (ALLY) Outpaces Stock Market Gains: What You Should Know
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Ally Financial (ALLY - Free Report) closed the most recent trading day at $25.94, moving +0.82% from the previous trading session. This change outpaced the S&P 500's 0.73% gain on the day. Elsewhere, the Dow gained 0.31%, while the tech-heavy Nasdaq added 0.16%.
Coming into today, shares of the auto finance company and bank had lost 8.17% in the past month. In that same time, the Finance sector lost 1.41%, while the S&P 500 gained 0.09%.
Wall Street will be looking for positivity from Ally Financial as it approaches its next earnings report date. On that day, Ally Financial is projected to report earnings of $1 per share, which would represent a year-over-year decline of 50.5%. Meanwhile, our latest consensus estimate is calling for revenue of $2.04 billion, down 7.12% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.01 per share and revenue of $8.47 billion. These totals would mark changes of -30.2% and +3.17%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Ally Financial. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Within the past 30 days, our consensus EPS projection has moved 0.58% lower. Ally Financial is currently a Zacks Rank #5 (Strong Sell).
Looking at its valuation, Ally Financial is holding a Forward P/E ratio of 4.28. This valuation marks a discount compared to its industry's average Forward P/E of 6.73.
The Financial - Consumer Loans industry is part of the Finance sector. This group has a Zacks Industry Rank of 231, putting it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Ally Financial (ALLY) Outpaces Stock Market Gains: What You Should Know
Ally Financial (ALLY - Free Report) closed the most recent trading day at $25.94, moving +0.82% from the previous trading session. This change outpaced the S&P 500's 0.73% gain on the day. Elsewhere, the Dow gained 0.31%, while the tech-heavy Nasdaq added 0.16%.
Coming into today, shares of the auto finance company and bank had lost 8.17% in the past month. In that same time, the Finance sector lost 1.41%, while the S&P 500 gained 0.09%.
Wall Street will be looking for positivity from Ally Financial as it approaches its next earnings report date. On that day, Ally Financial is projected to report earnings of $1 per share, which would represent a year-over-year decline of 50.5%. Meanwhile, our latest consensus estimate is calling for revenue of $2.04 billion, down 7.12% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.01 per share and revenue of $8.47 billion. These totals would mark changes of -30.2% and +3.17%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Ally Financial. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Within the past 30 days, our consensus EPS projection has moved 0.58% lower. Ally Financial is currently a Zacks Rank #5 (Strong Sell).
Looking at its valuation, Ally Financial is holding a Forward P/E ratio of 4.28. This valuation marks a discount compared to its industry's average Forward P/E of 6.73.
The Financial - Consumer Loans industry is part of the Finance sector. This group has a Zacks Industry Rank of 231, putting it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.