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Allstate (ALL) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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In the latest trading session, Allstate (ALL - Free Report) closed at $221.86, marking a -1.58% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.25% for the day. At the same time, the Dow lost 0.86%, and the tech-heavy Nasdaq gained 0.24%.
Prior to today's trading, shares of the insurer had lost 12.58% lagged the Finance sector's loss of 4.43% and the S&P 500's loss of 0.42%.
Market participants will be closely following the financial results of Allstate in its upcoming release. In that report, analysts expect Allstate to post earnings of $6.66 per share. This would mark a year-over-year decline of 40.38%. Our most recent consensus estimate is calling for quarterly revenue of $17.84 billion, up 4.92% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $35.76 per share and a revenue of $71.25 billion, representing changes of +2.67% and +5%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Allstate. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.81% higher. At present, Allstate boasts a Zacks Rank of #3 (Hold).
With respect to valuation, Allstate is currently being traded at a Forward P/E ratio of 6.3. This expresses a discount compared to the average Forward P/E of 10.74 of its industry.
Also, we should mention that ALL has a PEG ratio of 0.5. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Insurance - Property and Casualty industry currently had an average PEG ratio of 1.64 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 60, finds itself in the top 25% echelons 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Allstate (ALL) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest trading session, Allstate (ALL - Free Report) closed at $221.86, marking a -1.58% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.25% for the day. At the same time, the Dow lost 0.86%, and the tech-heavy Nasdaq gained 0.24%.
Prior to today's trading, shares of the insurer had lost 12.58% lagged the Finance sector's loss of 4.43% and the S&P 500's loss of 0.42%.
Market participants will be closely following the financial results of Allstate in its upcoming release. In that report, analysts expect Allstate to post earnings of $6.66 per share. This would mark a year-over-year decline of 40.38%. Our most recent consensus estimate is calling for quarterly revenue of $17.84 billion, up 4.92% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $35.76 per share and a revenue of $71.25 billion, representing changes of +2.67% and +5%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Allstate. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.81% higher. At present, Allstate boasts a Zacks Rank of #3 (Hold).
With respect to valuation, Allstate is currently being traded at a Forward P/E ratio of 6.3. This expresses a discount compared to the average Forward P/E of 10.74 of its industry.
Also, we should mention that ALL has a PEG ratio of 0.5. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Insurance - Property and Casualty industry currently had an average PEG ratio of 1.64 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 60, finds itself in the top 25% echelons 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.