Allstate (ALL) closed at $248.64 in the latest trading session, marking a -1.01% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.81%. On the other hand, the Dow registered a gain of 0.27%, and the technology-centric Nasdaq increased by 1.3%.
Coming into today, shares of the insurer had gained 12.46% in the past month. In that same time, the Finance sector gained 4.07%, while the S&P 500 gained 1.13%.
The upcoming earnings release of Allstate will be of great interest to investors. The company's earnings report is expected on August 5, 2026. In that report, analysts expect Allstate to post earnings of $4.92 per share. This would mark a year-over-year decline of 17.17%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $17.73 billion, up 5.66% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $29.8 per share and a revenue of $71.42 billion, indicating changes of -14.44% and +5.26%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Allstate. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.27% increase. As of now, Allstate holds a Zacks Rank of #3 (Hold).
Digging into valuation, Allstate currently has a Forward P/E ratio of 8.43. This denotes a discount relative to the industry average Forward P/E of 12.09.
It is also worth noting that ALL currently has a PEG ratio of 0.44. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Insurance - Property and Casualty industry had an average PEG ratio of 2.54 as trading concluded yesterday.
The Insurance - Property and Casualty industry is part of the Finance sector. With its current Zacks Industry Rank of 150, this industry ranks in the bottom 40% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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This article originally published on Zacks Investment Research (zacks.com).