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S&P 500 (NYSE:SPY) component Allstate (NYSE:ALL) will unveil its latest earnings on Wednesday, October 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 analyst estimate is for profit of $1.12 per share, a rise of sevenfold from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 76 cents. Between one and three months ago, the average estimate moved up. It has risen from 82 cents during the last month. For the year, analysts are projecting net income of $4.51 per share, a rise of more than threefold from last year.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 35 cents, reporting profit of 87 cents per share against a mean estimate of net income of 52 cents per share.
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A Look Back: In the second quarter, the company swung to a profit of $423 million (86 cents a share) from a loss of $620 million ($1.19) a year earlier, beating analyst estimates. Revenue rose 2.4% to $8.28 billion from $8.08 billion.
Stock Price Performance: Between August 1, 2012 and October 25, 2012, the stock price rose $4.11 (11.3%), from $36.40 to $40.51. The stock price saw one of its best stretches over the last year between September 28, 2012 and October 8, 2012, when shares rose for seven straight days, increasing 4% (+$1.60) 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.
Wall St. Revenue Expectations: Analysts predict a rise of 3.3% in revenue from the year-earlier quarter to $6.95 billion.
On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 4.2% in the third quarter of the last fiscal year, 1.8% in the fourth quarter of the last fiscal year and 3.3% in the first quarter before increasing again in the second quarter.
Analyst Ratings: With 12 analysts rating the stock as a buy, none rating it as a sell and 12 rating it as a hold, there are indications of a bullish outlook.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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