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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 $30.49, moving +1.43% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.53%. Meanwhile, the Dow gained 0.33%, and the Nasdaq, a tech-heavy index, lost 5.2%.
Prior to today's trading, shares of the auto finance company and bank had lost 4.15% over the past month. This has lagged the Finance sector's gain of 0.05% and the S&P 500's gain of 0.67% in that time.
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 $0.91 per share, which would represent a year-over-year decline of 55.17%. Meanwhile, our latest consensus estimate is calling for revenue of $2.05 billion, down 3.81% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.65 per share and revenue of $8.36 billion. These totals would mark changes of -39.77% and -0.82%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Ally Financial. These recent revisions tend to reflect the evolving nature of short-term business trends. 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 1.54% lower. Ally Financial currently has a Zacks Rank of #3 (Hold).
Investors should also note Ally Financial's current valuation metrics, including its Forward P/E ratio of 8.23. Its industry sports an average Forward P/E of 8.23, so we one might conclude that Ally Financial is trading at a no noticeable deviation comparatively.
The Financial - Consumer Loans industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 150, which puts it in the bottom 41% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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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 $30.49, moving +1.43% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.53%. Meanwhile, the Dow gained 0.33%, and the Nasdaq, a tech-heavy index, lost 5.2%.
Prior to today's trading, shares of the auto finance company and bank had lost 4.15% over the past month. This has lagged the Finance sector's gain of 0.05% and the S&P 500's gain of 0.67% in that time.
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 $0.91 per share, which would represent a year-over-year decline of 55.17%. Meanwhile, our latest consensus estimate is calling for revenue of $2.05 billion, down 3.81% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.65 per share and revenue of $8.36 billion. These totals would mark changes of -39.77% and -0.82%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Ally Financial. These recent revisions tend to reflect the evolving nature of short-term business trends. 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 1.54% lower. Ally Financial currently has a Zacks Rank of #3 (Hold).
Investors should also note Ally Financial's current valuation metrics, including its Forward P/E ratio of 8.23. Its industry sports an average Forward P/E of 8.23, so we one might conclude that Ally Financial is trading at a no noticeable deviation comparatively.
The Financial - Consumer Loans industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 150, which puts it in the bottom 41% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.