Ally Financial Inc. [NYSE: ALLY] will report earnings after markets close on Friday, January 22nd.
ALLY Earnings Forecast For The Current Quarter
Ally Financial Inc. [ALLY] is expected to report strong earnings results for the quarter ending in Dec 2020. Consensus estimates give the company expected revenues of $1.67B and earnings per share of $1.05 for Dec 2020. Looking further ahead, the company is expected to report revenue of $1.69B at an EPS of $0.97 for Mar 2021. The estimates represent an upside of 9.90% and 64.86% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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ALLY Earnings Estimates For The Current Year
For the financial year, Ally Financial Inc. [NYSE: ALLY] is expected to bring in revenue of $6.38B. The returns are nearly $-10.0 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for 2020, the estimate put it at 2.45, lower than that of FY19 by -$1.27. Estimates put this year’s earnings growth at -34.10%, 66.10% for the next, and at an annual 7.33% over the next 5-year period. As for sales, forecasts are for a decrease of -0.20% in the current fiscal year and a further 9.90% over the following year.
ALLY Price Performance
On Wall Street, Ally Financial Inc. [NYSE: ALLY] finished Wednesday’s session up 0.17% at $41.35. The stock went up to $41.91 at the same session while its lowest single-day price was $41.17. In the last five days, it saw a rise of about 7.77%, Ally Financial Inc. shares gained by almost 15.96% since the beginning of the year. However, the share price has dropped to as low as -1.52% below its one-year high. On 01/13/21, the company shares recorded $41.99, the highest single-day price it has got to in the last 52-weeks, and a 52-week low was seen on 01/04/21, the same year at $35.30. The company’s shares have inclined by 36.65% in the past year. The 50-day SMA achieved is $33.60 while the 200-day SMA is $24.32. Volume dropped to 3.59 million from 4.58 million in the previous session.
Ally Financial Inc. [ALLY] Valuation Measures
Notably, Ally Financial Inc. [ALLY] stock cannot be classified as a good candidate in the listing of underestimated low-priced Credit Services companies to purchase as soonest possible with the prevailing 12-month PE ratio of 20.18. The measure means the stock is exchanging at a premium as compared to the 14.67x trailing earnings of the industry. It can be helpful for investors to consider the historical price-sales ratio, more specifically, a 1.70 PS value ratio is reported for the last year of reported earnings. That is lower than the industry average of 2.95 which means ALLY serves an unattractive investment opportunity compared to its competitors.
ALLY Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 41.35 level, and in case of violation of this particular level, it will cause more drop to 41.04 level. On the upper level, 42.52 is still the key resistance. The stock may increase to the subsequent resistance at 42.22. The Relative Strength Index (RSI) pinned on the 14-day chart is 84.84, implying an overbought technical stance while the MACD stands at 3.06, meaning the price will increase in the next trading period. Percent R indicator moved to 8.78%, implying bullish price movement. Stochastic %K at 89.06% suggest selling the stock.
Is Ally Financial Inc. [NYSE: ALLY] a Good Buy Right Now?
It should be noted that ALLY technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Ally Financial Inc.’s Trend Spotter indicated that the signals were Weakest. The stock current average is 4.24 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 4.82 million shares while the medium-term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 4.99 million shares.
What is the short interest in Ally Financial Inc.?
Short interest in the Ally Financial Inc. stock has plunged, decreasing by -1.05 million shares to a total of 8.59 million shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020, stand at 7.54 million, data from Yahoo Finance shows. The increase of 12.22% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 2.56% of the overall float for the stock.
Ally Financial Inc.’s Biggest Shareholders: Who Owns Ally Financial Inc. [ALLY]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 33,215,215 shares or roughly 8.88% of the outstanding ALLY shares. This means their shares have reduced by -2,128,629 from the 33,215,215 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Harris Associates LP updated stake is worth $1,132,576,435. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed of off their -7.25% stake valued at $608,436,519 while Oaktree Capital Management LP cut theirs at $510,599,172. During the last quarter, BlackRock Fund Advisors liquidated -1,334,351 of its shares in Ally Financial Inc. The T. Rowe Price Associates, Inc.’s holdings currently number 10,683,823 shares at $441776081.05. According to the firm’s last 13F report, SSgA Funds Management, Inc. shares in the company at filing stood at 10,438,189 shares, roughly $372,225,820.
What are analyst thoughts on Ally Financial Inc.?
Looking forward to the Ally Financial Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Ally Financial Inc. stock at $45.00 within the next 12 months, which represents almost 8.11 percent growth from its previous closing price of $41.35. The highest analysts’ target for Ally Financial Inc. stock projections is $56.00 and the lowest one is $34.00. Still, 17 analysts sharing their consensus rating for ALLY stock in 2021 agree that it is a Buy.