Stay Ahead of the Game With Allstate (ALL) Q3 Earnings: Wall Street's Insights on Key Metrics

The upcoming report from Allstate (ALL) is expected to reveal quarterly earnings of $6.73 per share, indicating an increase of 72.1% compared to the year-ago period. Analysts forecast revenues of $17.35 billion, representing an increase of 5.9% year over year.Over the last 30 days, there has been an upward revision of 7.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.Given this perspective, it's time to examine the average forecasts of specific Allstate metrics that are routinely monitored and predicted by Wall Street analysts.According to the collective judgment of analysts, 'Property-Liability- Net Premiums Earned' should come in at $14.76 billion. The estimate indicates a year-over-year change of +7.8%.Analysts predict that the 'Property-Liability- Net Investment Income' will reach $740.58 million. The estimate indicates a change of +4.6% from the prior-year quarter.The collective assessment of analysts points to an estimated 'Revenues- Property-liability' of $16.04 billion. The estimate points to a change of +5.9% from the year-ago quarter.The combined assessment of analysts suggests that 'Revenues- Allstate Health and Benefits' will likely reach $180.78 million. The estimate suggests a change of -71.3% year over year.Analysts expect 'Property-Liability - Combined Ratio' to come in at 90.3%. The estimate is in contrast to the year-ago figure of 96.4%.The consensus among analysts is that 'Property-Liability - Expense Ratio' will reach 21.7%. Compared to the present estimate, the company reported 21.5% in the same quarter last year.Based on the collective assessment of analysts, 'Property-Liability - Loss Ratio' should arrive at 68.4%. Compared to the current estimate, the company reported 74.9% in the same quarter of the previous year.The consensus estimate for 'Allstate Protection - Homeowners Insurance - Combined Ratio' stands at 74.2%. Compared to the present estimate, the company reported 98.2% in the same quarter last year.The average prediction of analysts places 'Allstate Protection - Auto Insurance - Expense Ratio' at 22.4%. Compared to the present estimate, the company reported 22.9% in the same quarter last year.Analysts forecast 'Allstate Protection - Homeowners Insurance - Loss Ratio' to reach 52.4%. The estimate is in contrast to the year-ago figure of 76.3%.Analysts' assessment points toward 'Allstate Protection - Auto Insurance - Loss Ratio' reaching 69.9%. Compared to the present estimate, the company reported 71.9% in the same quarter last year.It is projected by analysts that the 'Allstate Protection - Homeowners Insurance - Expense Ratio' will reach 21.8%. The estimate is in contrast to the year-ago figure of 21.9%. View all Key Company Metrics for Allstate here>>> Allstate shares have witnessed a change of -8.6% in the past month, in contrast to the Zacks S&P 500 composite's +2.1% move. With a Zacks Rank #3 (Hold), ALL is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .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