Ally Financial Analyst Sees 'Consistent Margin Expansion' Ahead: Q2 Results Breakdown
Ally Financial Analyst Sees 'Consistent Margin Expansion' Ahead: Q2 Results Breakdown
Analyst Jon Arfstrom reiterated an Outperform rating, while lifting the price target from $46 to $49.Shares of Ally Financial Inc (NYSE:ALLY) remained under pressure on Thursday, after declining in the prior session amid a broader downturn in Wall Street stocks.
在週四的更廣泛的華爾街股市下跌後，Ally Financial股票（紐交所：ALLY）股價仍然承壓。
Ally Financial reported results amid an exciting earnings season. Here are some key analyst takeaways.
在這個令人興奮的賺錢季節，Ally Financial公佈了季度業績。以下是一些關鍵的分析師見解。
RBC Capital Markets On Ally Financial
RBC資本市場對Ally Financial的分析。
Analyst Jon Arfstrom reiterated an Outperform rating, while lifting the price target from $46 to $49.
分析師Jon Arfstrom重申買入評級，並將目標價從46美元上調至49美元。
Ally Financial announced earnings of 86 cents per share, amid higher electric vehicle originations driving $92 million in tax credits or 30 cents per share in earnings, Arfstrom said in a note. "Fundamentals were driven by margin improvement, stable balance sheet trends, and seasonally lower losses," he added.
Ally Financial公佈每股收益86美分，在電動汽車發放驅動下可獲得9200萬美元的稅收減免或每股收益30美分。Arfstrom在一份報告中表示：“基本面改善是靠毛利率提高、資產負債表趨穩以及季節性損失降低推動的。”他補充道。
With margin inflection taking hold, the company is expected to generate "consistent margin expansion in the coming quarters, which is the primary driver of expected higher earnings and returns," the analyst stated. "Credit expectations remain important, and we see an improved origination mix as positive drivers for later in 2024 and beyond," he further wrote.
該分析師表示，“隨着毛利率拐點的出現，預計公司將在未來幾個季度實現一致的毛利率擴張，這是預計收益和回報率提高的主要驅動力。信貸預期仍然很重要，我們認爲2024年後的改進發行組合是推動股票上漲的積極因素。”
Check out other analyst stock ratings.
查看其他分析師的股票評級。
BMO Capital Markets On Ally Financial
BMO資本市場對Ally Financial的分析。
Analyst James Fotheringham maintained a Market Perform rating and price target of $39.
分析師James Fotheringham維持市場表現評級和39美元的目標價。
Ally Financial's core earnings came in at 70 cents per share, surpassing consensus of 64 cents per share, "with lower-than-expected credit provisions (lower net losses) more than offset disappointing revenues (lower NII and fees)," Fotheringham wrote in a note.
Ally Financial的核心收益每股70美分，超過了預計的每股64美分，“預計低於預期的信貸準備金（淨損失更低）彌補了令人失望的營收（較低的淨利息收入和費用）。”Fotheringham在一份報告中寫道。
Management announced disappointing credit guidance, with 2024 NCOs of 145-150 basis points (bps) and retail auto NCOs of 210 bps, the analyst stated. "We lower our ALLY core EPS estimates by -1% in 2024E (to $2.86 from $2.90), -1% in 2025E (to $5.57 from $5.64), and -1% 2026E (to $6.49 from $6.55) due predominately to higher-than[1]previously modeled share counts (from lower expected share repurchases)," he further said.
該分析師指出，管理層宣佈了令人失望的信貸指導，2024年的非控稅利收益率爲145-150個點子（bps），零售汽車非控稅利爲210個bps。他進一步表示：“由於較低預期的股票回購，我們將扣除我們的ALLY核心每股收益預期2024E（從2.90美元下調至2.86美元）、2025E（從5.64美元下調至5.57美元）和2026E（從6.55美元下調至6.49美元）。
ALLY Price Action: Shares of Ally Financial were down 2.05% to $42.54 at the time of publication on Thursday.
截至週四發佈時，Ally Financial的股票下跌2.05％至42.54美元。
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Photo: JHVEPhoto/Shutterstock.com
圖片：JHVEPhoto / Shutterstock.com
