雅虎香港財經 Allstate (ALL) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Allstate (ALL) closed at $160.06, marking a +0.83% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.25%. On the other hand, the Dow registered a gain of 0.15%, and the technology-centric Nasdaq increased by 0.03%.
Prior to today's trading, shares of the insurer had lost 5.43% over the past month. This has lagged the Finance sector's loss of 2.3% and the S&P 500's gain of 3.34% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Allstate in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $2.01, reflecting a 145.48% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $15.56 billion, indicating a 10.09% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $15.13 per share and revenue of $62.79 billion. These totals would mark changes of +1492.63% and +9.4%, respectively, from last year.
It's also important for investors to be aware of any recent modifications 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 company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 1.03% rise in the Zacks Consensus EPS estimate. At present, Allstate boasts a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Allstate is presently being traded at a Forward P/E ratio of 10.49. This expresses a discount compared to the average Forward P/E of 12.3 of its industry.
One should further note that ALL currently holds a PEG ratio of 1.5. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Insurance - Property and Casualty industry currently had an average PEG ratio of 1.49 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 20, positioning it in the top 8% of all 250+ industries.
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.
To follow ALL in the coming trading sessions, be sure to utilize Zacks.com.
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The Allstate Corporation (ALL) : Free Stock Analysis Report
