Market Overview

Allstate Earnings Preview: Revenue, Earnings Expected to Fall from Previous Quarter

Allstate (NYSE: ALL) announces its next round of earnings this Monday, August 1, 2011. Get prepared with Benzinga's ultimate preview for Allstate's second quarter earnings.

Earnings and Revenue:

Analysts are bracing for a loss of $1.53 per share and revenues of $6.58 billion. Whether the reported numbers beat or miss analysts' estimates, they will also be compared against last year's numbers for the same period, which were a profit of 81 cents per share on revenues of $6.64 billion.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q1 Q4 Q3 Q2
EPS Estimate $0.68 $0.86 $0.97 $0.70
EPS Actual $0.93 $0.50 $0.83 $0.81

Stock Performance:

Shares of Allstate were trading at $28.23 as of July 26, 2011. Since January 1st, shares of Allstate have declined 10.3%. For a full 12 months, the return has declined by 11%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.

  • Long-term shareholders are already wary of 12-month losses prior to the announcement

Average Stock Rating:

The average rating by analysts for Allstate is a Hold. This rating has strengthened slightly over the past ninety days.

Competitors:

Want to check out the performance of Allstate closest competitors? Take a look at some of the company's peers in the financials sector.

  • Horace Mann Educators (NYSE: HMN): Moderate Buy with a $0.53 recent quarter EPS
  • Erie Indemnity Company (NASDAQ: ERIE): $0.77 recent quarter EPS
  • Hallmark Financial Services (HALL): Hold with a -$0.56 recent quarter EPS

Allstate is in the insurance-property and casualty industry, which has experienced price/earnings growth of 3.1%.

Finally, a description of the company's main areas of operation: Allstate provides insurance on personal property as well as offering casualty insurance, life insurance, retirement and investment products.

Take Action:

Now that you're fully prepared, get ready to take quick action if the company reports any numbers significantly different from those listed above. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.

  • To see up-to-date news on Allstate, click here
  • To see other trading ideas, click here
  • To see other company earnings recaps, click here

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