How Ally Financial Inc. (NYSE:ALLY) trades after earning announcements?
Ally Financial Inc. (NYSE:ALLY) is projected to declare fiscal first quarter financial results right before the stock market’s official open on May 03, 2017. The stock added about 11.6 percent in price since last results when it was at $19.69 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 66% 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 2.05 percent over the past four quarters. Back on January 31, 2017, it posted earnings per-share earnings at $0.54 which beat the consensus $0.47 projection (positive surprise of14.89%. For the quarter, revenue came in at 1.37B versus consensus estimate of 1.36B. The stock gained 7.26 percent the session following the earnings reports were released, and on 7th day price change was 15.03 percent.
On October 26, 2016, it reported earnings at $0.56 a share compared with the consensus estimate of $0.59 per share (negative surprise of -5.08%). Revenue of 1.38B for that quarter was above the $1.37B analysts had expected. The stock retreated -3.8% the day following the earnings announcement, and on 7th day price change was -8.78%.
On July 26, 2016, it recorded $0.54 a share in earnings which topped the consensus estimate of $0.52 (positive surprise of 3.85%). Revenue for the quarter was $1.36B while analysts called for revenues to be $1.33B. The stock gained 1.2% the day following the earnings data was made public, and on 7th day price change was 0.46%.
On April 26, 2016, it announced earnings per share at $0.52 versus the consensus estimate of $0.55 per share (negative surprise of -5.45%). That came on revenues of $1.33B for that period. Analysts had expected $1.34B in revenue.
Ally Financial Inc. Earnings Estimates
As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.56. The analysts’ present consensus range is $0.49-$0.61 for EPS. The market consensus range for revenue is between $1.33B and $1.42B, with an average of $1.38B.
Ally Financial Inc. (NYSE:ALLY) last ended at $21.98, sending the company’s market cap near $10.22B. The consensus 12-month price target from analysts covering the stock is $25.67. The share price has declined -6.94% from its top level in 52 weeks and dropped 15.56% this year. It recently traded in a range of $21.85-$22.06 at a volume of 2556933 shares. The recent trading ended with the price nearly -0.45 lower for the last 5 trading days, rebounding 48.11% from its 52-week low.