Allstate (ALL) Stock Falls Amid Market Uptick: What Investors Need to Know

Company Performance - Allstate's stock closed at $196.05, down 1.15% from the previous trading session, underperforming the S&P 500's gain of 1.11% [1] - Over the last month, Allstate's shares decreased by 2.42%, while the Finance sector gained 1.91% and the S&P 500 gained 3.92% [1] Upcoming Financial Results - Allstate is expected to report an EPS of $3.2, reflecting a significant increase of 98.76% from the same quarter last year [2] - Revenue is forecasted to be $17.29 billion, indicating a 9.29% increase compared to the same quarter of the previous year [2] Fiscal Year Projections - For the entire fiscal year, earnings are projected at $18.2 per share, a decrease of 0.66% from the prior year, while revenue is expected to be $69.19 billion, representing a 7.55% increase [3] Analyst Estimates and Revisions - Recent changes to analyst estimates for Allstate are important as they reflect short-term business trends and analysts' confidence in performance [4] - Positive revisions in estimates are correlated with near-term share price momentum [5] Zacks Rank and Valuation - Allstate currently holds a Zacks Rank of 3 (Hold), with a consensus EPS projection that has increased by 1.69% in the past 30 days [6] - The company has a Forward P/E ratio of 10.9, which is lower than the industry's Forward P/E of 11.94, and a PEG ratio of 1.03 compared to the industry average of 2.74 [7] Industry Context - The Insurance - Property and Casualty industry is part of the Finance sector and has a Zacks Industry Rank of 55, placing it in the top 23% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]