Ally Financial Inc. (NYSE:ALLY) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on January 31, 2017. The stock added about 1.4 percent in price since last results when it was at $19.47 a share. Based on the most relevant past-periods data, there is an 50 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 6 times out of last 12 reported quarters. It has beaten earnings-per-share estimates 63% of the time in its last 12 earnings reports. It fell short of earnings estimates on 2 occasions, and it has met expectations 1 time.
Here’s how traders responded to ALLY earnings announcements over the past few quarters.
Ally Financial Inc. (ALLY) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was -1.18 percent over the past four quarters. Back on October 26, 2016, it posted earnings per-share earnings at $0.56 which missed the consensus $0.59 projection (negative surprise of-5.08%). For the quarter, revenue came in at 1.38B versus consensus estimate of 1.37B. The stock dropped -3.8 percent the session following the earnings reports were released, and on 7th day price change was -8.78 percent.
On July 26, 2016, it reported earnings at $0.54 a share compared with the consensus estimate of $0.52 per share (positive surprise of 3.85%). Revenue of 1.36B for that quarter was above the $1.33B analysts had expected. The stock climbed 1.2% the day following the earnings announcement, and on 7th day price change was 0.46%.
On April 26, 2016, it recorded $0.52 a share in earnings which missed the consensus estimate of $0.55 (negative surprise of -5.45%). Revenue for the quarter was $1.33B while analysts called for revenues to be $1.34B. The stock dropped -0.05% the day following the earnings data was made public, and on 7th day price change was -3.66%.
On February 2, 2016, it announced earnings per share at $0.52 versus the consensus estimate of $0.51 per share (positive surprise of 1.96%). That came on revenues of $1.34B for that period. Analysts had expected $1.31B in revenue.
Ally Financial Inc. Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.56. The analysts’ present consensus range is $0.49-$0.63 for EPS. The market consensus range for revenue is between $1.34B and $1.38B, with an average of $1.37B.
Ally Financial Inc. (NYSE:ALLY) last ended at $20.04, sending the company’s market cap near $9.45B. The share price has declined -2.72% from its top level in 52 weeks and dropped 5.36% this year. It recently traded in a range of $19.78-$20.24 at a volume of 4893315 shares. The recent trading ended with the price nearly 4.21 higher for the last 5 trading days, rebounding 37.73% from its 52-week low.