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Ally Financial (ALLY) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
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Wall Street analysts expect Ally Financial (ALLY - Free Report) to post quarterly earnings of $1.32 per share in its upcoming report, which indicates a year-over-year increase of 14.8%. Revenues are expected to be $2.28 billion, up 5.1% from the year-ago quarter.
The current level reflects a downward revision of 5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
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.
According to the collective judgment of analysts, 'Total other revenue' should come in at $568.03 million. The estimate indicates a year-over-year change of -2.7%.
The average prediction of analysts places 'Insurance premiums and service revenue earned' at $373.73 million. The estimate indicates a year-over-year change of +3.5%.
Based on the collective assessment of analysts, 'Net financing revenue' should arrive at $1.71 billion. The estimate indicates a change of +7.8% from the prior-year quarter.
The consensus among analysts is that 'Net Financing Revenue (excluding Core OID)' will reach $1.74 billion. The estimate suggests a change of +8.5% year over year.
The collective assessment of analysts points to an estimated 'Net interest margin (as reported)' of 3.6%. Compared to the current estimate, the company reported 3.5% in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Book value per share' will likely reach $44.92 . Compared to the present estimate, the company reported $41.56 in the same quarter last year.
Analysts forecast 'Total interest-earning assets (Average Balances)' to reach $190.31 billion. The estimate is in contrast to the year-ago figure of $178.73 billion.
The consensus estimate for 'Efficiency Ratio' stands at 53.2%. The estimate compares to the year-ago value of 57.2%.
Analysts predict that the 'Non-performing loans (NPLs)' will reach $1.11 billion. Compared to the current estimate, the company reported $1.35 billion in the same quarter of the previous year.
Shares of Ally Financial have demonstrated returns of -8.9% over the past month compared to the Zacks S&P 500 composite's +1.4% change. With a Zacks Rank #5 (Strong Sell), ALLY is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ally Financial (ALLY) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Wall Street analysts expect Ally Financial (ALLY - Free Report) to post quarterly earnings of $1.32 per share in its upcoming report, which indicates a year-over-year increase of 14.8%. Revenues are expected to be $2.28 billion, up 5.1% from the year-ago quarter.
The current level reflects a downward revision of 5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
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.
According to the collective judgment of analysts, 'Total other revenue' should come in at $568.03 million. The estimate indicates a year-over-year change of -2.7%.
The average prediction of analysts places 'Insurance premiums and service revenue earned' at $373.73 million. The estimate indicates a year-over-year change of +3.5%.
Based on the collective assessment of analysts, 'Net financing revenue' should arrive at $1.71 billion. The estimate indicates a change of +7.8% from the prior-year quarter.
The consensus among analysts is that 'Net Financing Revenue (excluding Core OID)' will reach $1.74 billion. The estimate suggests a change of +8.5% year over year.
The collective assessment of analysts points to an estimated 'Net interest margin (as reported)' of 3.6%. Compared to the current estimate, the company reported 3.5% in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Book value per share' will likely reach $44.92 . Compared to the present estimate, the company reported $41.56 in the same quarter last year.
Analysts forecast 'Total interest-earning assets (Average Balances)' to reach $190.31 billion. The estimate is in contrast to the year-ago figure of $178.73 billion.
The consensus estimate for 'Efficiency Ratio' stands at 53.2%. The estimate compares to the year-ago value of 57.2%.
Analysts predict that the 'Non-performing loans (NPLs)' will reach $1.11 billion. Compared to the current estimate, the company reported $1.35 billion in the same quarter of the previous year.
View all Key Company Metrics for Ally Financial here>>>Shares of Ally Financial have demonstrated returns of -8.9% over the past month compared to the Zacks S&P 500 composite's +1.4% change. With a Zacks Rank #5 (Strong Sell), ALLY is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .