Ally Financial (ALLY) Q3 Earnings and Revenues Beat Estimates

Company Performance - Ally Financial reported quarterly earnings of $0.95 per share, exceeding the Zacks Consensus Estimate of$ 0.57 per share, and up from $0.83 per share a year ago, representing an earnings surprise of 66.67% [1] - The company posted revenues of$ 2.1 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.01%, compared to year-ago revenues of $1.97 billion [1] - Over the last four quarters, Ally Financial has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [1] Market Performance - Ally Financial shares have increased approximately 2.6% since the beginning of the year, while the S&P 500 has gained 22.5% [2] - The current Zacks Rank for Ally Financial is 4 (Sell), indicating expected underperformance in the near future [4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.81 on revenues of $2.12 billion, and for the current fiscal year, it is$ 2.77 on revenues of $8.17 billion [4] - The trend for estimate revisions ahead of the earnings release was unfavorable, which may change following the recent earnings report [4] Industry Context - The Financial - Consumer Loans industry is currently in the top 43% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [5] - Open Lending, another company in the same industry, is expected to report quarterly earnings of$ 0.05 per share, reflecting a year-over-year change of +150%, with revenues anticipated to be $29.46 million, up 13.3% from the previous year [5]