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Revenue: US$6.75b (decreased by 5.0% from FY 2023).
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Net income: US$559.0m (decreased by 34% from FY 2023).
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Profit margin: 8.3% (down from 12% in FY 2023). This reduction in margin resulted from decreased revenue.
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EPS: US$1.82 (down from US$2.80 in FY 2023).
All figures shown in the chart above are for the trailing 12-month (TTM) period
Revenue met analyst expectations, while earnings per share (EPS) fell short by 38%.
The primary contributor to the past 12 months’ revenue came from the Automotive Finance Operations segment, generating US$4.67b (69% of total revenue). Discover how ALLY’s revenue and expenses influence its earnings.
Looking forward, revenue is projected to grow at an average rate of 12% per annum over the next three years, aligning with a 12% growth forecast for the Consumer Finance industry in the US.
Performance of the American Consumer Finance industry.
The company’s shares have decreased by 2.3% in the past week.
It’s important to remain aware of the persistent risks associated with investments. We have identified 1 warning sign regarding Ally Financial, and this understanding should be part of your investment strategy.
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This article by Simply Wall St is general in nature. We provide insights based on historical data and analyst forecasts using an unbiased approach, and our articles are not meant to be financial advice. It does not serve as a recommendation to buy or sell any stock and does not consider your personal objectives or financial situation. We strive to offer long-term analysis fueled by fundamental data. Please note that our analysis may not incorporate the latest price-sensitive announcements or qualitative information. Simply Wall St holds no position in any mentioned stocks.
