The Allstate Corporation (NYSE:ALL) leader in property and casualty insurance, is reporting third quarter earnings results on Wednesday 4th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 1.66 per share.
For the full year, analysts predict revenues of $ 36289.60 million, while looking forward to income of $ 10.98 per share.
Previous Quarter Performance
The Allstate Corporation announced income for the second quarter of $ 2.46 per share, from the revenue of $ 9,639.00 million. The quarterly earnings swell 12.84 percent while revenues elevated 6.59 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.55 per share from $ 9043.80 million in revenue. The bottom line results beat street analysts by $ 0.91 or 58.71 percent, at the same time, top line results outshined analysts by $ 595.20 million or 6.58 percent.
Stock Performance
Shares of The Allstate Corporation traded up $ 2.02 or 2.22 percent on Tuesday, reaching $ 92.92 with volume of 1.67 million shares. The Allstate Corporation has traded high as $ 94.32 and has cracked $ 92.29 on the downward trend
According to the previous trading day, closing price of $ 92.92, representing a 41.74 % increase from the 52 week low of $ 64.13 and a 27.81 % decrease over the 52 week high of $ 125.92.
The company has a market capital of $ 29.02 billion and is part of the Financial Services sector and Insurance – Property & Casualty industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 102.00 target price.
- On 22nd September 2020, upgraded by Keefe, Bruyette & Woods to Outperform from Market Perform rating, with $ 108.00 target price.
The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
