Ally Financial Inc reports results for the quarter ended in January - Earnings Summary

Ally Financial

17/07/2024 15:21

* Ally Financial Inc  ALLY.N  reported quarterly adjusted
earnings
of 97 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 96 cents.  The mean expectation of twenty analysts for the
quarter was for earnings of 64 cents per share. Wall Street
expected results to range from 46 cents to 74 cents per share.
    * Revenue fell 3.8% to $2.00 billion from a year ago;
analysts
expected $2.03 billion. 
    * Ally Financial Inc's reported EPS for the quarter was 86
cents​.
    * The company reported quarterly net income of $266 million.
    * Ally Financial Inc shares had risen by 12.1% this
quarter and
gained 27.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.2%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the consumer
lending
peer group is also "buy"

Wall Street's median 12-month price target for Ally Financial
Inc is $46.00 
This summary was machine generated from LSEG data July 17 at
02:21 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.64           0.97           Beat
 Mar. 31 2024      0.33           0.45           Beat
 Dec. 31 2023      0.45           0.45           Met
 Sep. 30 2023      0.80           0.83           Beat