A Peek at Ally Financial's Future Earnings

Ally Financial (NYSE:ALLY) will release its quarterly earnings report on Friday, 2024-10-18. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Ally Financial to report an earnings per share (EPS) of $0.53.

Anticipation surrounds Ally Financial's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Earnings Track Record

The company's EPS beat by $0.33 in the last quarter, leading to a 2.28% drop in the share price on the following day.

Here's a look at Ally Financial's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.64

0.33

0.45

0.80

EPS Actual

0.97

0.45

0.45

0.83

Price Change %

-2.0%

1.0%

11.0%

-4.0%

Tracking Ally Financial's Stock Performance

Shares of Ally Financial were trading at $35.94 as of October 16. Over the last 52-week period, shares are up 49.65%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Opinions on Ally Financial

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Ally Financial.

The consensus rating for Ally Financial is Outperform, based on 9 analyst ratings. With an average one-year ...