The Allstate Corporation (ALL) is Attracting Investor Attention: Here is What You Should Know

Core Viewpoint - Allstate's stock has underperformed recently, returning -9.8% over the past month compared to the S&P 500's +3.6% and the Zacks Insurance - Property and Casualty industry's -5.2% [1] Earnings Estimate Revisions - Allstate is expected to post earnings of $6.73 per share for the current quarter, reflecting a year-over-year increase of +72.1% and a +7.2% change in the Zacks Consensus Estimate over the last 30 days [4] - The consensus earnings estimate for the current fiscal year is $23.35, indicating a year-over-year change of +27.5% and an +8% change over the last 30 days [4] - For the next fiscal year, the consensus earnings estimate is $22.84, showing a decrease of -2.2% from the previous year, with a +0.1% change over the past month [5] - Allstate holds a Zacks Rank 3 (Hold), influenced by recent changes in earnings estimates and other related factors [6] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $17.35 billion, indicating a year-over-year change of +5.9% [10] - For the current fiscal year, the revenue estimate is $69.01 billion, reflecting a +7.3% change, while the next fiscal year's estimate is $72.58 billion, indicating a +5.2% change [10] Last Reported Results and Surprise History - In the last reported quarter, Allstate generated revenues of $16.78 billion, a year-over-year increase of +6.1%, with an EPS of $5.94 compared to $1.61 a year ago [11] - The reported revenues were -2.91% below the Zacks Consensus Estimate, while the EPS exceeded estimates by +78.92% [11] - Allstate has beaten consensus EPS estimates in each of the last four quarters but has only topped revenue estimates once during this period [12] Valuation - Allstate is graded A in the Zacks Value Style Score, indicating it is trading at a discount compared to its peers [16]