We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Allstate (ALL) Ascends While Market Falls: Some Facts to Note
Read MoreHide Full Article
The most recent trading session ended with Allstate (ALL - Free Report) standing at $202, reflecting a +1.89% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily loss of 0.91%. Elsewhere, the Dow lost 1.5%, while the tech-heavy Nasdaq lost 1.96%.
Prior to today's trading, shares of the insurer had gained 4.71% over the past month. This has outpaced the Finance sector's loss of 5.01% and the S&P 500's loss of 7.38% in that time.
The investment community will be paying close attention to the earnings performance of Allstate in its upcoming release. The company is forecasted to report an EPS of $3.98, showcasing a 22.42% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $17.13 billion, indicating a 11.04% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $18.62 per share and revenue of $69.64 billion, indicating changes of +1.64% and +8.26%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Allstate. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.01% downward. At present, Allstate boasts a Zacks Rank of #3 (Hold).
Digging into valuation, Allstate currently has a Forward P/E ratio of 10.65. This denotes a discount relative to the industry's average Forward P/E of 11.47.
One should further note that ALL currently holds a PEG ratio of 1.08. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Insurance - Property and Casualty was holding an average PEG ratio of 1.68 at yesterday's closing price.
The Insurance - Property and Casualty industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 34, positioning it in the top 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Allstate (ALL) Ascends While Market Falls: Some Facts to Note
The most recent trading session ended with Allstate (ALL - Free Report) standing at $202, reflecting a +1.89% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily loss of 0.91%. Elsewhere, the Dow lost 1.5%, while the tech-heavy Nasdaq lost 1.96%.
Prior to today's trading, shares of the insurer had gained 4.71% over the past month. This has outpaced the Finance sector's loss of 5.01% and the S&P 500's loss of 7.38% in that time.
The investment community will be paying close attention to the earnings performance of Allstate in its upcoming release. The company is forecasted to report an EPS of $3.98, showcasing a 22.42% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $17.13 billion, indicating a 11.04% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $18.62 per share and revenue of $69.64 billion, indicating changes of +1.64% and +8.26%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Allstate. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.01% downward. At present, Allstate boasts a Zacks Rank of #3 (Hold).
Digging into valuation, Allstate currently has a Forward P/E ratio of 10.65. This denotes a discount relative to the industry's average Forward P/E of 11.47.
One should further note that ALL currently holds a PEG ratio of 1.08. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Insurance - Property and Casualty was holding an average PEG ratio of 1.68 at yesterday's closing price.
The Insurance - Property and Casualty industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 34, positioning it in the top 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.