Allstate (ALL) closed the latest trading day at $194.24, indicating a -0.15% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 2.24%. Meanwhile, the Dow lost 1.73%, and the Nasdaq, a tech-heavy index, lost 3.07%.
The the stock of insurer has fallen by 5.26% in the past month, lagging the Finance sector's loss of 3.21% and the S&P 500's loss of 4.17%.
Market participants will be closely following the financial results of Allstate in its upcoming release. The company plans to announce its earnings on April 30, 2025. The company's earnings per share (EPS) are projected to be $3.76, reflecting a 26.71% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $17.13 billion, up 11.04% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $18.24 per share and a revenue of $69.38 billion, demonstrating changes of -0.44% and +7.85%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Allstate. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.08% lower. Right now, Allstate possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Allstate is currently trading at a Forward P/E ratio of 10.67. This denotes a discount relative to the industry's average Forward P/E of 11.71.
We can also see that ALL currently has a PEG ratio of 1.09. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Insurance - Property and Casualty industry had an average PEG ratio of 2.03.
The Insurance - Property and Casualty industry is part of the Finance sector. With its current Zacks Industry Rank of 35, this industry ranks in the top 15% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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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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