Why Allstate (ALL) Outpaced the Stock Market Today

Company Performance - Allstate closed at $189.65, reflecting a +0.68% change from the previous day, outperforming the S&P 500's gain of 0.42% [1] - Over the past month, Allstate shares have decreased by 0.31%, underperforming the Finance sector's gain of 1.23% and the S&P 500's gain of 2.06% [1] - The upcoming earnings disclosure is anticipated, with projected earnings per share (EPS) of $3.27, indicating a 303.7% increase year-over-year, and revenue forecasted at $16.24 billion, representing an 11.36% growth [1] Full Year Estimates - For the full year, analysts expect earnings of $15.20 per share and revenue of $63.73 billion, reflecting changes of +1500% and +11.04% respectively from the previous year [2] - Recent revisions to analyst forecasts are crucial as they indicate short-term business trends and analysts' confidence in the company's performance [2] Valuation Metrics - Allstate has a Forward P/E ratio of 12.39, which is lower than the industry average of 13.69 [3] - The company has a PEG ratio of 1.77, compared to the industry average PEG ratio of 1.51 [3] Industry Overview - The Insurance - Property and Casualty industry is part of the Finance sector and holds a Zacks Industry Rank of 19, placing it in the top 8% of over 250 industries [4] - The Zacks Industry Rank is based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [4]