Ally Financial Q3 Adj. EPS $0.83 Beats $0.80 Estimate, Sales $2.04B Miss $2.06B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ally Financial reported Q3 adjusted earnings of $0.83 per share, beating the analyst consensus estimate of $0.80 by 3.75%. However, this is a 25.89% decrease from the same period last year. The company's quarterly sales of $2.04 billion missed the analyst consensus estimate of $2.06 billion by 1.17%, marking a 2.54% decrease from the same period last year.
October 18, 2023 | 11:28 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ally Financial's Q3 earnings beat estimates but are down YoY. Sales missed estimates and are also down YoY.
Ally Financial's earnings beat estimates, which is positive. However, the YoY decrease in earnings and sales, as well as the missed sales estimates, are negative indicators that could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100