Ally Financial (ALLY) wins but lags the market: what you need to know

ALly Financial (ALLY) closed on the most recent trading day at $ 47.95, up 0.1% from the previous trading session. This change was smaller than the S&P 500’s 0.14% gain on the day. Elsewhere, the Dow Jones gained 0.25%, while the tech-rich Nasdaq lost 0.34%.

As of today, shares of the auto finance company and the bank had gained 4.52% over the past month. At the same time, the financial sector gained 2.58%, while the S&P 500 gained 4.32%.

Investors are hoping for strength from Ally Financial as it approaches its next earnings release, which is expected to be Jan.21, 2022. The company is expected to post EPS of $ 2, up 25% from the quarter of the year. ‘last year. Meanwhile, Zacks’ consensus estimate for revenue projects net sales of $ 2.06 billion, up 4.03% from the previous year.

For the full year, our Zacks consensus estimates project earnings of $ 8.59 per share and revenue of $ 8.08 billion, which would represent changes of + 183.5% and + 20.9%. , respectively, compared to the previous year.

It’s also important to note the recent changes to analyst estimates for Ally Financial. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Based on our research, we believe these estimate revisions are directly related to stock movements close to the team. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes these rating changes into account and provides an actionable rating system.

Zacks’ ranking system ranges from # 1 (strong buy) to # 5 (strong sell). It has a remarkable, externally verified track record of success, with the No.1 stocks generating an average annual return of + 25% since 1988. Over the past 30 days, our consensus projection on EPS has fallen by 0, 05%. Ally Financial currently has a Zacks rank of 3 (Hold).

In terms of valuation, Ally Financial is currently trading at a forward P / E ratio of 5.58. For comparison, its industry has an average forward P / E of 5.79, which means Ally Financial is trading below the group.

The Finance – Consumer Loans sector is part of the Finance sector. This group has an Industry Zacks Rank of 157, placing it in the lowest 39% of all 250+ industries.

The Zacks Industry Rankings include is ranked from best to worst in terms of the average Zacks rankings of individual companies in each of these industries. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.

Be sure to use to track all of these stock market metrics, and more, over future trading sessions.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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