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.
What Analyst Projections for Key Metrics Reveal About Allstate (ALL) Q3 Earnings
Read MoreHide Full Article
The upcoming report from Allstate (ALL - Free Report) is expected to reveal quarterly earnings of $7.03 per share, indicating a decline of 37.1% compared to the year-ago period. Analysts forecast revenues of $17.84 billion, representing an increase of 4.9% year over year.
The current level reflects an upward revision of 4.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Allstate metrics that Wall Street analysts commonly model and monitor.
It is projected by analysts that the 'Property-Liability- Net Premiums Earned' will reach $15.12 billion. The estimate indicates a year-over-year change of +4.1%.
The combined assessment of analysts suggests that 'Underwriting Income- Property-Liability' will likely reach $1.28 billion. The estimate suggests a change of -55.7% year over year.
According to the collective judgment of analysts, 'Property-Liability- Net Investment Income' should come in at $832.78 million. The estimate points to a change of -4.6% from the year-ago quarter.
Analysts forecast 'Property-Liability- Other Revenue' to reach $557.69 million. The estimate suggests a change of +7.7% year over year.
The average prediction of analysts places 'Allstate Protection - Auto Insurance - Combined Ratio' at 88.6%. Compared to the present estimate, the company reported 82.0% in the same quarter last year.
The consensus estimate for 'Allstate Protection - Auto Insurance - Expense Ratio' stands at 21.6%. The estimate compares to the year-ago value of 21.4%.
Based on the collective assessment of analysts, 'Allstate Protection - Homeowners Insurance - Loss Ratio' should arrive at 71.8%. The estimate is in contrast to the year-ago figure of 48.5%.
Analysts predict that the 'Allstate Protection - Auto Insurance - Loss Ratio' will reach 67.0%. The estimate compares to the year-ago value of 60.6%.
The consensus among analysts is that 'Allstate Protection - Homeowners Insurance - Combined Ratio' will reach 94.2%. Compared to the present estimate, the company reported 71.5% in the same quarter last year.
Analysts' assessment points toward 'Allstate Protection - Homeowners Insurance - Expense Ratio' reaching 22.4%. Compared to the present estimate, the company reported 23.0% in the same quarter last year.
The collective assessment of analysts points to an estimated 'Loss Ratio - Allstate Protection' of 68.5%. Compared to the present estimate, the company reported 58.3% in the same quarter last year.
Analysts expect 'Expense Ratio - Allstate Protection' to come in at 21.5%. The estimate is in contrast to the year-ago figure of 21.8%.
Over the past month, shares of Allstate have returned +14% versus the Zacks S&P 500 composite's +0.7% change. Currently, ALL carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
What Analyst Projections for Key Metrics Reveal About Allstate (ALL) Q3 Earnings
The upcoming report from Allstate (ALL - Free Report) is expected to reveal quarterly earnings of $7.03 per share, indicating a decline of 37.1% compared to the year-ago period. Analysts forecast revenues of $17.84 billion, representing an increase of 4.9% year over year.
The current level reflects an upward revision of 4.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Allstate metrics that Wall Street analysts commonly model and monitor.
It is projected by analysts that the 'Property-Liability- Net Premiums Earned' will reach $15.12 billion. The estimate indicates a year-over-year change of +4.1%.
The combined assessment of analysts suggests that 'Underwriting Income- Property-Liability' will likely reach $1.28 billion. The estimate suggests a change of -55.7% year over year.
According to the collective judgment of analysts, 'Property-Liability- Net Investment Income' should come in at $832.78 million. The estimate points to a change of -4.6% from the year-ago quarter.
Analysts forecast 'Property-Liability- Other Revenue' to reach $557.69 million. The estimate suggests a change of +7.7% year over year.
The average prediction of analysts places 'Allstate Protection - Auto Insurance - Combined Ratio' at 88.6%. Compared to the present estimate, the company reported 82.0% in the same quarter last year.
The consensus estimate for 'Allstate Protection - Auto Insurance - Expense Ratio' stands at 21.6%. The estimate compares to the year-ago value of 21.4%.
Based on the collective assessment of analysts, 'Allstate Protection - Homeowners Insurance - Loss Ratio' should arrive at 71.8%. The estimate is in contrast to the year-ago figure of 48.5%.
Analysts predict that the 'Allstate Protection - Auto Insurance - Loss Ratio' will reach 67.0%. The estimate compares to the year-ago value of 60.6%.
The consensus among analysts is that 'Allstate Protection - Homeowners Insurance - Combined Ratio' will reach 94.2%. Compared to the present estimate, the company reported 71.5% in the same quarter last year.
Analysts' assessment points toward 'Allstate Protection - Homeowners Insurance - Expense Ratio' reaching 22.4%. Compared to the present estimate, the company reported 23.0% in the same quarter last year.
The collective assessment of analysts points to an estimated 'Loss Ratio - Allstate Protection' of 68.5%. Compared to the present estimate, the company reported 58.3% in the same quarter last year.
Analysts expect 'Expense Ratio - Allstate Protection' to come in at 21.5%. The estimate is in contrast to the year-ago figure of 21.8%.
View all Key Company Metrics for Allstate here>>>Over the past month, shares of Allstate have returned +14% versus the Zacks S&P 500 composite's +0.7% change. Currently, ALL carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .