Ally Financial Full Year 2024 Earnings: EPS Misses Expectations

Ally Financial (NYSE:ALLY) Full Year 2024 Results

Key Financial Results

• Revenue: US$6.82b (down 4.1% from FY 2023).
• Net income: US$559.0m (down 39% from FY 2023).
• Profit margin: 8.2% (down from 13% in FY 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: US$1.82 (down from US$3.00 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ally Financial EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 38%.

The primary driver behind last 12 months revenue was the Automotive Finance Operations segment contributing a total revenue of US$3.93b (58% of total revenue). Explore how ALLY's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in the US.

Performance of the American Consumer Finance industry.

The company's shares are up 6.2% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Ally Financial has 1 warning sign we think you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.