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Have you been eager to see how Ally Financial Inc. (ALLY - Free Report) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this Detroit, Michigan-based automotive financial services company’s earnings release this morning:
An Earnings Beat
Ally Financial came out with adjusted earnings of 70 cents per share, surpassing the Zacks Consensus Estimate of 59 cents.
Higher revenues were largely responsible for improved earnings.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for Ally Financial depicted a bullish stance prior to the earnings release. The Zacks Consensus Estimate increased 1.7% over the last 30 days.
Before posting the earnings beat in Q4, the company delivered positive surprises in three of the trailing four quarters, with an average beat of 9.1%.
Ally Financial posted total net revenues of $1.47 billion, which was above the Zacks Consensus Estimate of $1.44. Also, it was above the prior-year quarter figure of $1.37 billion.
Key Statistics
Recorded $119 million or 27 cents per share charge related tax act
Auto originations of $9.1 billion in the quarter
Retail deposit grew 17% year over year to $77.9 billion as of Dec 31, 2017
Net financing revenue of $1.09 billion, up 12% year over year
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #2 (Buy) for Ally Financial. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
Check back later for our full write up on this Ally Financial earnings report!
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The most popular cryptocurrency skyrocketed last year, giving some investors the chance to bank 20X returns or even more. Those gains, however, came with serious volatility and risk. Bitcoin sank 25% or more 3 times in 2017.
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Image: Bigstock
Ally Financial (ALLY) Beats Q4 Earnings & Revenue Estimates
Have you been eager to see how Ally Financial Inc. (ALLY - Free Report) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this Detroit, Michigan-based automotive financial services company’s earnings release this morning:
An Earnings Beat
Ally Financial came out with adjusted earnings of 70 cents per share, surpassing the Zacks Consensus Estimate of 59 cents.
Higher revenues were largely responsible for improved earnings.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for Ally Financial depicted a bullish stance prior to the earnings release. The Zacks Consensus Estimate increased 1.7% over the last 30 days.
Before posting the earnings beat in Q4, the company delivered positive surprises in three of the trailing four quarters, with an average beat of 9.1%.
Ally Financial Inc. Price and EPS Surprise
Ally Financial Inc. Price and EPS Surprise | Ally Financial Inc. Quote
Higher-than-Expected Revenues
Ally Financial posted total net revenues of $1.47 billion, which was above the Zacks Consensus Estimate of $1.44. Also, it was above the prior-year quarter figure of $1.37 billion.
Key Statistics
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #2 (Buy) for Ally Financial. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.)
Check back later for our full write up on this Ally Financial earnings report!
Don’t Even Think About Buying Bitcoin Until You Read This
The most popular cryptocurrency skyrocketed last year, giving some investors the chance to bank 20X returns or even more. Those gains, however, came with serious volatility and risk. Bitcoin sank 25% or more 3 times in 2017.
Zacks’ has just released a new Special Report to help readers capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 4 crypto-related stocks now >>