Preview: Allstate's Earnings

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Allstate ALL will be releasing its next round of earnings this Tuesday, August 04. For all of the relevant information, here is your guide for Tuesday's Q2 earnings announcement.

Earnings and Revenue

Allstate earnings will be near $1.55 per share on sales of $9.04 billion, according to analysts. In the same quarter last year, Allstate posted EPS of $2.180 on sales of $9.39 billion. If the company were to match the consensus estimate when it reports Tuesday, EPS would have fallen 28.9%. Sales would be down 1.53% from the same quarter last year. Here's how the Allstate's reported EPS has stacked up against analyst estimates in the past:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate 3.50 3.24 2.58 1.53
EPS Actual 3.54 3.13 2.84 2.18
Revenue Estimate 9.18 B 8.89 B 9.23 B 8.97 B
Revenue Actual 10.08 B 9.19 B 9.68 B 9.39 B

Stock Performance

Over the last 52-week period, shares are down 8.34%. Given that these returns are generally negative, long-term shareholders are probably upset going into this earnings release. Don't be surprised to see the stock move on comments made during its conference call. Allstate is scheduled to hold the call at 09:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/p9z5hjc5

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