Allstate closed the latest session at $258.48, up 1.88% and outpacing a 0.48% decline in the S&P 500, as analysts look ahead to the insurer's upcoming earnings report. The consensus estimate calls for Allstate to post earnings of $6.63 per share, a year-over-year decline of 40.64%, on quarterly revenue of $17.84 billion, up 4.92% from the year-ago period. For the full year, the Zacks Consensus Estimates project earnings of $35.5 per share and revenue of $71.25 billion, representing changes of +1.92% and +5%, respectively. Over the past month the consensus EPS estimate has moved 3.8% higher, and Allstate currently holds a Zacks Rank of #1 (Strong Buy). The stock trades at a Forward P/E of 7.15, a discount to its industry average of 11.39, with a PEG ratio of 0.57 versus an industry average of 1.73.
The Allstate CorporationAnalysts project $6.63 Q1 EPS with consensus estimates revised 3.8% higher over the past month and a Zacks Rank #1 (Strong Buy), with the stock trading at a forward P/E discount to its industry.
