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S&P 500 (NYSE:SPY) component Allstate (NYSE:ALL) will unveil its latest earnings tomorrow, Tuesday, July 31, 2012. Allstate provides insurance on personal property as well as offering casualty insurance, life insurance, retirement, and investment products.
Allstate Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 54 cents per share, a swing from a loss of $1.23 in the year-earlier quarter. During the past three months, the average estimate has moved down from 89 cents. Between one and three months ago, the average estimate moved up. It has dropped from 92 cents during the last month. Analysts are projecting profit to rise by 186.4% compared to last year’s $3.78.
Past Earnings Performance: Last quarter, the company beat estimates by 30 cents, coming in at net income of $1.42 a share versus the estimate of profit of $1.12 a share. It marked the fourth straight quarter of beating estimates.
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A Look Back: In the first quarter, profit rose 47.6% to $766 million ($1.53 a share) from $519 million (97 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 3.3% to $8.36 billion from $8.1 billion.
Wall St. Revenue Expectations: Analysts predict a rise of 3.3% in revenue from the year-earlier quarter to $6.83 billion.
Stock Price Performance: Between July 19, 2012 and July 27, 2012, the stock price dropped $0.50 (-1.46%), from $34.23 to $34.72. The stock price saw one of its best stretches over the last year between January 4, 2012 and January 12, 2012, when shares rose for seven straight days, increasing 5.5% (+$1.51) over that span. It saw one of its worst periods between January 20, 2012 and January 31, 2012 when shares fell for eight straight days, dropping 3.3% (-98 cents) over that span.
On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 5.6% in the second quarter of the last fiscal year, 4.2% in the third quarter of the last fiscal year and 1.8% in the fourth quarter of the last fiscal year before increasing again in the first quarter.
Analyst Ratings: With 14 analysts rating the stock a buy, one rating it a sell and nine rating the stock a hold, there are indications of a bullish stance by analysts.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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