Benzinga | Jan 20, 2022 10:37AM EST

Preview: Ally Financial Inc. Common Stock's Earnings

Ally Financial Inc. Common Stock (NYSE:ALLY) is set to give its latest quarterly earnings report on Friday, 2022-01-21. Here's what investors need to know before the announcement.

Analysts estimate that Ally Financial Inc. Common Stock will likely report an Earnings Per Share (EPS) of $1.95.

Ally Financial Inc. Common Stock bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat EPS by $0.21, which was followed by a 4.29% drop in the share price the next day.

Here's a look at Ally Financial Inc. Common Stock's past performance and the resulting price change:

Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020EPS Estimate 1.95 1.46 1.15 1.05EPS Actual 2.16 2.33 2.09 1.60Price Change % -4.29% 3.18% 0.15% 1.68%

Stock Performance

Shares of Ally Financial Inc. Common Stock were trading at $48.99 as of January 19. Over the last 52-week period, shares are up 20.66%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.