In the latest close session, Allstate (ALL) was up +1.38% at $232.60. The stock exceeded the S&P 500, which registered a loss of 0.06% for the day. Elsewhere, the Dow saw an upswing of 0.38%, while the tech-heavy Nasdaq depreciated by 0.44%.
Heading into today, shares of the insurer had lost 9.57% over the past month, lagging the Finance sector's loss of 2.69% and the S&P 500's gain of 2.36%.
The investment community will be paying close attention to the earnings performance of Allstate in its upcoming release. The company is slated to reveal its earnings on November 4, 2026. The company is predicted to post an EPS of $6.57, indicating a 41.18% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $17.84 billion, indicating a 4.93% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $35.83 per share and a revenue of $71.25 billion, demonstrating changes of +2.87% and +5.01%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Allstate. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.92% higher. Right now, Allstate possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Allstate is currently being traded at a Forward P/E ratio of 6.4. This denotes a discount relative to the industry average Forward P/E of 10.87.
It is also worth noting that ALL currently has a PEG ratio of 0.51. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Insurance - Property and Casualty industry had an average PEG ratio of 1.84 as trading concluded yesterday.
The Insurance - Property and Casualty industry is part of the Finance sector. With its current Zacks Industry Rank of 62, this industry ranks in the top 26% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the 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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The Allstate Corporation (ALL): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).