Allstate (ALL) Ascends While Market Falls: Some Facts to Note

Core Viewpoint - Allstate's stock has shown resilience in the market, outperforming major indices despite a forecasted decline in earnings per share (EPS) for the upcoming quarter while revenue is expected to increase. Group 1: Stock Performance - Allstate's stock closed at $202, reflecting a +1.89$3.98, representing a 22.42% decrease from the same quarter last year [2] - Revenue is expected to reach $17.13 billion, indicating an 11.04$18.62 per share and revenue at $69.64 billion, reflecting changes of +1.64% and +8.26% respectively compared to the previous year [3] Group 4: Analyst Estimates - Recent changes in analyst estimates suggest a favorable outlook on Allstate's business health and profitability [4] - The Zacks Consensus EPS estimate has shifted 1.01% downward over the past month, and Allstate currently holds a Zacks Rank of 3 (Hold) [6] Group 5: Valuation Metrics - Allstate has a Forward P/E ratio of 10.65, which is lower than the industry's average Forward P/E of 11.47, indicating a valuation discount [6] - The company has a PEG ratio of 1.08, compared to the industry average PEG ratio of 1.68, suggesting a more favorable growth outlook relative to its valuation [7] Group 6: Industry Context - The Insurance - Property and Casualty industry, part of the Finance sector, holds a Zacks Industry Rank of 34, placing it in the top 14% of over 250 industries [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, indicating a strong competitive position for Allstate within its industry [8]