Ally Financial Inc expected to post earnings of 64 cents a share - Earnings Preview

Ally Financial

15/07/2024 13:38

* Ally Financial Inc  ALLY.N   ALLY.K  is expected to show a
fall
in quarterly revenue when it reports  results on July 17 for the
period ending June 30 2024
    * The Detroit Michigan-based  company is expected to report
a
2.4% decrease in revenue to $2.03 billion from $2.08 billion a
year ago, according to the mean estimate from 15 analysts, based
on LSEG data. (Sales/Revenue Majority Basis is on Total Net
Revenue)
    * ​LSEG's mean analyst estimate for Ally Financial Inc is
for
earnings of 64 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 8
"hold" and 3 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Ally
Financial
Inc is $46.00​, above​ its last closing price of $42.88. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.32        0.33       0.45      Beat    37
 Jan. 1 0001   0.43        0.45       0.45      Met     0.3
 Sep. 30 2023  0.79        0.80       0.83      Beat    4.1​
 Jan. 1 0001   0.92        0.92       0.96      Beat    4.2
 ​​Jan.        0.89        0.87       0.82      Missed  -5.9
 1 0001                                                 
 Jan. 1 0001   0.92        1.00       1.08      Beat    8.4​
 Jan. 1 0001   1.67        1.70       1.12      Missed  -34.1
 Jan. 1 0001   1.85        1.86       1.76      Missed  -5.4
 This summary was machine generated July 15 at 12:38 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)