Allstate (ALL) Beats Stock Market Upswing: What Investors Need to Know

Core Viewpoint - Allstate is expected to show positive earnings growth in its upcoming financial results, with analysts projecting earnings of $8.05 per share and revenue of $17.63 billion, indicating year-over-year increases of 4.95% and 5.53% respectively [2] Group 1: Recent Performance - Allstate's stock closed at $206.82, reflecting a +2.8% increase from the previous day, outperforming the S&P 500's gain of 0.21% [1] - Over the past month, Allstate shares have declined by 3.83%, underperforming the Finance sector's gain of 1.99% and the S&P 500's gain of 0.89% [1] Group 2: Earnings and Revenue Estimates - For the full year, analysts expect Allstate to achieve earnings of $28.21 per share and revenue of $68.95 billion, representing increases of +53.98% and +7.19% respectively compared to the previous year [3] - The Zacks Consensus EPS estimate has increased by 6.49% in the past month, indicating positive sentiment among analysts regarding Allstate's business operations [6] Group 3: Valuation Metrics - Allstate currently has a Forward P/E ratio of 7.13, which is lower than the industry average Forward P/E of 11.28, suggesting a valuation discount [7] - The company has a PEG ratio of 0.38, significantly below the industry average PEG ratio of 1.6, indicating favorable growth expectations relative to its valuation [8] Group 4: Industry Context - Allstate operates within the Insurance - Property and Casualty industry, which is part of the Finance sector and holds a Zacks Industry Rank of 28, placing it in the top 12% of over 250 industries [9]