ALLY FINANCIAL Predicts FY2023 Earnings of $3.18 Per Share: Zacks Research Forecast
December 23, 2023
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According to Zacks Research, Ally Financial ($NYSE:ALLY) Inc. is predicted to report earnings of $3.18 per share for fiscal year 2023. This would come as a welcomed surprise to many investors, as the stock has been on a steady rise in the past few years. ALLY FINANCIAL Inc. is a multinational financial services company which provides a variety of products and services such as online banking, auto financing, and insurance. The company also offers investment banking, mortgage banking, and wealth management services through its subsidiaries.
This has helped to fuel the optimistic outlook of analysts and investors alike who are bullish on the company’s prospects in the coming years. With the forecasted earnings of $3.18 per share for FY2023, ALLY FINANCIAL is well positioned to continue its growth trajectory and deliver value to shareholders. The company’s strong financial performance and attractive product offerings have enabled it to gain a significant market share in the global financial services industry and this growth momentum is likely to continue into the future.
Earnings
The company reported a total revenue of 2176.0M USD in its FY2023 Q3 ending September 30 2021 and 712.0M USD in net income, a 3.5% decrease in total revenue and 138.1% increase in net income compared to the previous year. ALLY FINANCIALs total revenue has stayed relatively consistent over the last three years, increasing from 2176.0M USD to 2180.0M USD.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ally Financial. More…
| Total Revenues | Net Income | Net Margin |
| 9.21k | 1.11k | 13.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ally Financial. More…
| Operations | Investing | Financing |
| 5.85k | -7.57k | 5.11k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ally Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 195.7k | 182.88k | 42.52 |
Key Ratios Snapshot
Some of the financial key ratios for Ally Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.7% | – | – |
| FCF Margin | ROE | ROA |
| 32.4% | 6.9% | 0.5% |
Stock Price
On Friday, ALLY FINANCIAL Inc. (ALLY) stock opened at $34.4 and closed at $34.3, up by 0.1% from its prior closing price of 34.3. Given this forecast, many investors are now expecting ALLY to report strong financial performance for the upcoming fiscal year. This prediction is based on ALLY’s past financial performance and their consistent growth in the past couple of years, which has been driven in part by their focus on customer experience and their commitment to providing innovative products and services.
Additionally, ALLY has leveraged technology to streamline their operations and improve their efficiency. Overall, the Zacks Research Forecast is optimistic about ALLY’s financial outlook for FY2023, and the company is likely to follow through on its predicted earnings of $3.18 per share. With the stock opening at a higher price than the prior day, it shows that confidence in the company is increasing and that investors can look forward to strong returns from ALLY in the coming year. Live Quote…
Analysis
GoodWhale conducted an analysis of ALLY FINANCIAL‘s wellbeing and our Star Chart shows that ALLY FINANCIAL is strong in dividend and weak in asset, growth, and profitability. After categorizing ALLY FINANCIAL as a ‘rhino’, a type of company we conclude that has achieved moderate revenue or earnings growth, we wondered what type of investors may be interested in such company. We found that ALLY FINANCIAL has an intermediate health score of 6/10 with regard to its cashflows and debt, suggesting that it might be able to pay off debt and fund future operations. More…
Peers
The company competes with other online banking providers, such as Jumbo Finance Ltd, Avasara Finance Ltd, and Dharani Finance Ltd. Ally Financial Inc has a strong focus on providing a great customer experience, offering competitive rates and products, and providing excellent customer service.
– Jumbo Finance Ltd ($BSE:511730)
Avasara Finance Ltd is an Indian finance company that provides a range of financial products and services to individuals and businesses. The company has a market cap of 65.11M as of 2022 and a Return on Equity of -11.47%. The company offers products and services such as personal loans, home loans, business loans, credit cards, and investment products. Avasara Finance Ltd is headquartered in Mumbai, India.
– Avasara Finance Ltd ($BSE:511451)
Dharani Finance Ltd, a Non-Banking Financial Company, has a market cap of 35.31M as of 2022. The company’s Return on Equity is 0.1%. Dharani Finance Ltd is engaged in the business of providing financial services to the rural and semi-urban areas of Tamil Nadu. The company offers various products and services such asterm loans, working capital loans, vehicle loans, housing loans, and microfinance.
Summary
According to the latest predictions by Zacks Research, Ally Financial Inc. is expected to report earnings per share of $3.18 in FY2023. This is a positive outlook for the company and indicates that investors may be rewarded with growth potential if they decide to invest in Ally Financial. Analysts have also highlighted the company’s strong balance sheet and experienced management team, which should help them achieve their goals.
In addition, the company’s focus on technology and digital solutions is likely to support their growth trajectory. As such, Ally Financial appears to be a good long-term investment option with potential for appreciation in value over time.
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