Analysts Estimate Allstate (ALL) to Report a Decline in Earnings: What to Look Out for

Company Overview - Allstate (ALL) is expected to report a year-over-year decline in earnings of 54.4%, with quarterly earnings projected at $2.34 per share, while revenues are anticipated to increase by 11$17.13 billion [3][12]. Earnings Expectations - The upcoming earnings report is scheduled for April 30, and the stock may experience upward movement if the reported numbers exceed expectations, while a miss could lead to a decline [2][3]. - The consensus EPS estimate has been revised 0.04% lower over the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10]. Earnings Surprise Prediction - The Zacks Earnings ESP (Expected Surprise Prediction) model indicates that Allstate has a negative Earnings ESP of -11.71%, suggesting a lower Most Accurate Estimate compared to the Zacks Consensus Estimate [10][11]. - Despite the negative Earnings ESP, Allstate holds a Zacks Rank of 3 (Hold), making it challenging to predict an earnings beat conclusively [11][18]. Historical Performance - In the last reported quarter, Allstate exceeded the consensus EPS estimate of $6.51 by delivering earnings of$7.67, resulting in a positive surprise of +17.82% [12]. - Over the past four quarters, Allstate has successfully beaten consensus EPS estimates on all occasions [13]. Industry Context - NMI Holdings (NMIH), another player in the Zacks Insurance - Property and Casualty industry, is expected to post earnings of $1.10 per share, reflecting a year-over-year increase of 1.9$170.29 million, up 9% [17]. - NMI Holdings has a negative Earnings ESP of -2.51% and a Zacks Rank of 3 (Hold), indicating a similar challenge in predicting an earnings beat [18].