Allstate (ALL) Laps the Stock Market: Here's Why

In the latest trading session, Allstate (ALL) closed at $197.43, marking a +2.34% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.06%. Elsewhere, the Dow saw an upswing of 0.41%, while the tech-heavy Nasdaq depreciated by 0.39%. Prior to today's trading, shares of the insurer had lost 2.73% lagged the Finance sector's gain of 4.07% and the S&P 500's gain of 5.88%.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 July 30, 2025. The company's upcoming EPS is projected at $3.37, signifying a 109.32% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $17.16 billion, indicating a 8.5% upward movement from the same quarter last year. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $18.34 per share and a revenue of $69.08 billion, representing changes of +0.11% and +7.38%, respectively, from the prior year. Investors should also pay attention to any latest changes in analyst estimates for Allstate. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. The Zacks Consensus EPS estimate has moved 0.77% higher within the past month. Allstate is currently sporting a Zacks Rank of #3 (Hold). Looking at valuation, Allstate is presently trading at a Forward P/E ratio of 10.52. For comparison, its industry has an average Forward P/E of 11.83, which means Allstate is trading at a discount to the group. We can also see that ALL currently has a PEG ratio of 1. 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. Insurance - Property and Casualty stocks are, on average, holding a PEG ratio of 2.6 based on yesterday's closing prices. The Insurance - Property and Casualty industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 88, positioning it in the top 36% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Should You Invest in The Allstate Corporation (ALL)?Before you invest in The Allstate Corporation (ALL), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Allstate Corporation (ALL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks