Ally Financial Fails To Meet Revenue Consensus: Analysts Adjust Price Targets And EPS Estimates
Portfolio Pulse from Lekha Gupta
Ally Financial Inc (ALLY) reported mixed Q2 2023 earnings with revenues of $2.066 billion, missing the consensus of $2.090 billion, and adjusted EPS of $0.96, beating the consensus of $0.92. Several analysts adjusted their price targets and EPS estimates for the company. ALLY shares are trading lower by 2.55% at $28.91.
July 20, 2023 | 6:42 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ally Financial missed revenue consensus but beat EPS estimates. Analysts have adjusted their price targets and EPS estimates, leading to a 2.55% drop in ALLY shares.
Ally Financial's lower than expected revenues and higher than expected EPS led to analysts adjusting their price targets and EPS estimates. This mixed performance and subsequent analyst adjustments have negatively impacted the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100