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Allstate Second Quarter Earnings Preview
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Allstate (NYSE:ALL) will release its second quarter earnings on Tuesday, July 31, 2012. Analysts have become increasingly bearish on the company over the last month, with the consensus analyst estimate slipping from 92 cents a share to the current prediction of earnings of 54 cents a share.
In most situations, when earnings do not meet analyst estimates, a business' stock price will tend to drop. On the other hand, when actual earnings beat estimates by a significant amount, the share price will likely surge. SEE: Everything Investors Need To Know About Earnings
What to Expect: The average earnings estimate for Allstate is up from a loss of $1.23 a year ago.
This is a drop from the consensus estimate three months ago of 89 cents. For the fiscal year, analysts are expecting earnings of $3.78 per share.
Allstate's expected revenue of $6.83 billion for the quarter is below last year's reported figure of $8.08 billion by 15.5%. Revenue of $26.76 billion is expected for the fiscal year.
Company Performance: In the past four quarters, revenue has shown consistent growth. It increased 3.3% to $8.36 billion in the first quarter. Prior to that, the figure rose 1.8% in the fourth quarter of the last fiscal year, 4.2% in the third quarter of the last fiscal year and 5.6% in the second quarter of the last fiscal year.
A simple P/E ratio can reveal the stock's real market value and show how the valuation compares to its industry group or a benchmark like the S&P 500 Index. From the investor's perspective, a stock with a lower ratio is relatively cheaper than a stock with a higher ratio. SEE: How To Find P/E And PEG Ratios
Over the past quarter, the stock price has risen slightly to $33.66, from $33.55 on April 27, 2012. Allstate's stock price is on a downward streak. The share price has fallen $1.05 since July 19, 2012.
In most situations, when earnings do not meet analyst estimates, a business' stock price will tend to drop. On the other hand, when actual earnings beat estimates by a significant amount, the share price will likely surge. SEE: Everything Investors Need To Know About Earnings
What to Expect: The average earnings estimate for Allstate is up from a loss of $1.23 a year ago.
This is a drop from the consensus estimate three months ago of 89 cents. For the fiscal year, analysts are expecting earnings of $3.78 per share.
Allstate's expected revenue of $6.83 billion for the quarter is below last year's reported figure of $8.08 billion by 15.5%. Revenue of $26.76 billion is expected for the fiscal year.
Company Performance: In the past four quarters, revenue has shown consistent growth. It increased 3.3% to $8.36 billion in the first quarter. Prior to that, the figure rose 1.8% in the fourth quarter of the last fiscal year, 4.2% in the third quarter of the last fiscal year and 5.6% in the second quarter of the last fiscal year.
A simple P/E ratio can reveal the stock's real market value and show how the valuation compares to its industry group or a benchmark like the S&P 500 Index. From the investor's perspective, a stock with a lower ratio is relatively cheaper than a stock with a higher ratio. SEE: How To Find P/E And PEG Ratios
Over the past quarter, the stock price has risen slightly to $33.66, from $33.55 on April 27, 2012. Allstate's stock price is on a downward streak. The share price has fallen $1.05 since July 19, 2012.
by
Investopedia Staff
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