We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What Analyst Projections for Key Metrics Reveal About Ally Financial (ALLY) Q2 Earnings
Read MoreHide Full Article
Wall Street analysts expect Ally Financial (ALLY - Free Report) to post quarterly earnings of $1.24 per share in its upcoming report, which indicates a year-over-year increase of 25.3%. Revenues are expected to be $2.21 billion, up 6.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Ally Financial metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Net financing revenue' at $1.66 billion. The estimate indicates a year-over-year change of +9.2%.
Analysts predict that the 'Insurance premiums and service revenue earned' will reach $366.72 million. The estimate indicates a year-over-year change of +2.2%.
Analysts expect 'Total other revenue' to come in at $553.60 million. The estimate indicates a year-over-year change of -2.2%.
The consensus estimate for 'Net interest margin (as reported)' stands at 3.5%. Compared to the present estimate, the company reported 3.4% in the same quarter last year.
Analysts forecast 'Book value per share' to reach $44.56 . The estimate is in contrast to the year-ago figure of $39.71 .
Analysts' assessment points toward 'Total interest-earning assets (Average Balances)' reaching $188.16 billion. The estimate is in contrast to the year-ago figure of $178.06 billion.
The collective assessment of analysts points to an estimated 'Efficiency Ratio' of 53.7%. Compared to the present estimate, the company reported 60.6% in the same quarter last year.
Shares of Ally Financial have experienced a change of +1.9% in the past month compared to the +0.5% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), ALLY is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
What Analyst Projections for Key Metrics Reveal About Ally Financial (ALLY) Q2 Earnings
Wall Street analysts expect Ally Financial (ALLY - Free Report) to post quarterly earnings of $1.24 per share in its upcoming report, which indicates a year-over-year increase of 25.3%. Revenues are expected to be $2.21 billion, up 6.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Ally Financial metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Net financing revenue' at $1.66 billion. The estimate indicates a year-over-year change of +9.2%.
Analysts predict that the 'Insurance premiums and service revenue earned' will reach $366.72 million. The estimate indicates a year-over-year change of +2.2%.
Analysts expect 'Total other revenue' to come in at $553.60 million. The estimate indicates a year-over-year change of -2.2%.
The consensus estimate for 'Net interest margin (as reported)' stands at 3.5%. Compared to the present estimate, the company reported 3.4% in the same quarter last year.
Analysts forecast 'Book value per share' to reach $44.56 . The estimate is in contrast to the year-ago figure of $39.71 .
Analysts' assessment points toward 'Total interest-earning assets (Average Balances)' reaching $188.16 billion. The estimate is in contrast to the year-ago figure of $178.06 billion.
The collective assessment of analysts points to an estimated 'Efficiency Ratio' of 53.7%. Compared to the present estimate, the company reported 60.6% in the same quarter last year.
View all Key Company Metrics for Ally Financial here>>>Shares of Ally Financial have experienced a change of +1.9% in the past month compared to the +0.5% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), ALLY is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .