Allstate Corporation (NYSE: ALL) Quarterly Earnings Preview

Allstate Corporation (NYSE: ALL) is a leading insurance company in the United States, offering a range of products including auto, home, and life insurance. As a major player in the insurance industry, Allstate competes with other giants like State Farm and GEICO. The company is set to release its quarterly earnings on February 5, 2025, with analysts estimating an EPS of $5.40 and revenue of $16.23 billion.

For the quarter ending December 2024, analysts expect Allstate to report earnings of $6.35 per share, a 9.1% increase from the previous year. Revenue is projected to reach $16.71 billion, reflecting a 12.1% year-over-year growth. Despite these positive projections, there has been a 5.3% downward revision in the consensus EPS estimate over the past 30 days, indicating a reassessment by analysts.

The Zacks Consensus Estimate anticipates earnings of $6.20 per share for Allstate, with revenues projected at $16.71 billion. This represents a year-over-year earnings growth of 6.5% and a revenue increase of 12.1%. Notably, there have been five upward revisions to the earnings estimate in the past month, suggesting positive sentiment among analysts.

Allstate's full-year 2024 revenues are expected to reach $64.32 billion, marking a 12.1% increase from the previous year. The estimated EPS for 2024 is $16.83, a significant rise from the previous year's 95 cents. The company's fourth-quarter results are likely to benefit from growing premiums and increased profits in its auto segment.

Allstate's financial metrics provide insight into its market valuation. The company has a P/E ratio of approximately 12.01, a price-to-sales ratio of about 0.81, and an enterprise value to sales ratio of around 0.93. Its debt-to-equity ratio is approximately 0.39, indicating a moderate level of debt relative to its equity. These figures suggest a stable financial position for Allstate.