The Allstate Corporation First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component The Allstate Corporation (NYSE:ALL) will unveil its latest earnings on Wednesday, May 2, 2012. Allstate provides insurance on personal property as well as offering casualty insurance, life insurance, retirement, and investment products.

The Allstate Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of $1.11 per share, a rise of 19.4% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 99 cents. Between one and three months ago, the average estimate moved up. It has risen from $1.03 during the last month. For the year, analysts are projecting net income of $3.74 per share, a rise of more than twofold from last year.

Past Earnings Performance: Last quarter, the company beat estimates by 54 cents, coming in at profit of $1.48 a share versus the estimate of net income of 94 cents a share. It marked the fourth straight quarter of beating estimates.

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A Look Back: In the fourth quarter of the last fiscal year, profit rose more than twofold to $724 million ($1.39 a share) from $296 million (55 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 1.8% to $8.24 billion from $8.09 billion.

Stock Price Performance: Between January 31, 2012 and April 26, 2012, the stock price rose $5.07 (17.6%), from $28.85 to $33.92. 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.

Wall St. Revenue Expectations: Analysts are projecting a rise of 3.2% in revenue from the year-earlier quarter to $6.42 billion.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 4.5% in the first quarter of the last fiscal year, 5.6% in the second quarter of the last fiscal year and 4.2% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Analyst Ratings: With 13 analysts rating the stock a buy, one rating it a sell and 10 rating the stock a hold, there are indications of a bullish stance by analysts.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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