On Wednesday, Oct. 31, Allstate Corporation ALL will release its latest earnings report. Benzinga's outlook for Allstate is included in the following report.
Earnings and Revenue
Allstate earnings will be near $1.95 per share on sales of $8.72 billion, according to analysts.
Allstate reported a profit of $1.60 when it published results during the same quarter last year. Sales in that period totaled $8.58 billion. If the company were to report inline earnings when it publishes results Wednesday, earnings would be up 21.87 percent. Sales would be up 1.60 percent from the year-ago period. Here's how the company's reported EPS has compared to analyst estimates in the past:
Quarter | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 |
EPS Estimate | 1.49 | 2.31 | 1.53 | 0.84 |
EPS Actual | 1.9 | 2.96 | 2.09 | 1.6 |
Stock Performance
Over the last 52-week period, shares are up 1.88 percent. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The popular rating by analysts on Allstate stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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