Benzinga | Oct 15, 2020 10:13AM EDT

Ally Financial Earnings Preview

Ally Financial (NYSE: ALLY) releases its next round of earnings this Friday, October 16. Get the latest predictions in Benzinga's essential guide to the company's Q3 earnings report.

Earnings and Revenue

Wall Street analysts see Ally Financial reporting earnings of $0.68 per share on sales of $1.55 billion. In the same quarter last year, Ally Financial reported EPS of $1.01 on revenue of $1.60 billion. The Wall Street estimate would represent a 32.67% decline in the company's earnings. Revenue would have fallen 3.19% from the same quarter last year. Here is how the Ally Financial's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019EPS Estimate 0.18 0.71 0.93 0.98EPS Actual 0.61 -0.44 0.95 1.01Revenue Estimate 1.50 B 1.60 B 1.61 B 1.57 BRevenue Actual 1.53 B 1.61 B 1.64 B 1.60 B

Stock Performance

Shares of Ally Financial were trading at $27.38 as of October 14. Over the last 52-week period, shares are down 10.43%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Ally Financial is scheduled to hold the call at 09:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/q3rj4ii6