In the latest close session, Allstate (ALL) was up +1.48% at $196.20. The stock exceeded the S&P 500, which registered a gain of 0.14% for the day. Elsewhere, the Dow gained 0.2%, while the tech-heavy Nasdaq added 0.27%.
Prior to today's trading, shares of the insurer had lost 2.81% lagged the Finance sector's gain of 2.72% and the S&P 500's gain of 3.97%.
The investment community will be paying close attention to the earnings performance of Allstate in its upcoming release. The company is slated to reveal its earnings on July 30, 2025. The company is predicted to post an EPS of $3.26, indicating a 102.48% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $17.29 billion, up 9.29% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $18.26 per share and a revenue of $69.19 billion, signifying shifts of -0.33% and +7.55%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Allstate. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.34% higher within the past month. Allstate is currently a Zacks Rank #2 (Buy).
In the context of valuation, Allstate is at present trading with a Forward P/E ratio of 10.59. Its industry sports an average Forward P/E of 11.73, so one might conclude that Allstate is trading at a discount comparatively.
Investors should also note that ALL has a PEG ratio of 1 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Insurance - Property and Casualty was holding an average PEG ratio of 2.62 at yesterday's closing price.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 90, finds itself in the top 37% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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The Allstate Corporation (ALL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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