Ally Financial Inc ALLY.N reported quarterly adjusted earnings of 99 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 97 cents. The mean expectation of twenty analysts for the quarter was for earnings of 81 cents per share. Wall Street expected results to range from 66 cents to 88 cents per share.
Revenue rose 4.1% to $2.08 billion from a year ago; analysts expected $2.04 billion.
Ally Financial Inc's reported EPS for the quarter was $1.04.
The company reported quarterly net income of $324 million.
Ally Financial Inc shares had risen by 3.3% this quarter and gained 11.7% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 3.8% in the last three months.
In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 6 "hold" and 2 "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 $44.00, about 8.5% above its last closing price of $40.24
This summary was machine generated from LSEG data July 18 at 01:32 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)