Allstate Shares Slip 1.2% Despite 3.41% Monthly Gain; Q1 EPS Forecast Doubles
Allstate shares fell 1.2% to $211.62 but have climbed 3.41% over the past month, outperforming the Finance sector’s 2.87% loss. The insurer is projected to report Q1 EPS of $7.12, a 101.7% year-over-year increase on $17.79 billion revenue (+5.9%), trades at a forward P/E of 8.46 versus industry 10.64.
1. Stock Performance
Allstate shares dipped 1.2% to close at $211.62, underperforming the broader market’s modest declines. Over the past month, the stock has gained 3.41%, outpacing the Finance sector’s 2.87% slump and the S&P 500’s 0.15% retreat.
2. Earnings Estimates
Analysts forecast Q1 EPS of $7.12, a 101.7% increase from a year ago, driven by strong underwriting results and investment income. Revenue for the quarter is expected to reach $17.79 billion, up 5.86% year-over-year, setting the stage for a pivotal earnings release.
3. Valuation and Industry Comparison
Allstate trades at a forward P/E of 8.46, a discount to the Property & Casualty industry average of 10.64, and holds a PEG ratio of 0.44 versus the industry’s 2.16. These metrics suggest the stock may be undervalued relative to peers, with room for multiple expansion.