Allstate Corporation Earnings Preview: What Investors Should Know
Allstate Corporation (NYSE: ALL), a significant player in the U.S. insurance sector, is set to announce its quarterly earnings on February 5, 2025. Analysts anticipate an EPS of $5.40 and revenue of $16.23 billion.
For the quarter ending December 2024, the company is expected to report $6.35 EPS, reflecting a 9.1% increase year-over-year. Estimated revenue is approximately $16.71 billion, marking a 12.1% jump from the prior year. However, thereโs been a 5.3% decline in consensus EPS estimates over the past month, indicating analysts are reassessing projections.
The Zacks Consensus Estimate suggests earnings of $6.20 EPS with expected revenues of $16.71 billion. This signifies year-over-year growth of 6.5% in earnings and a revenue increase of 12.1%. Notably, five upward revisions to earnings estimates occurred last month, reflecting a favorable sentiment among analysts.
Allstateโs projected full-year 2024 revenues are around $64.32 billion, representing a 12.1% climb year-over-year. Estimated EPS for 2024 is set at $16.83, a significant leap from last yearโs 95 cents. The fourth-quarter performance is expected to benefit from rising premiums and greater profits in the auto segment.
Regarding Allstate’s market valuation, the company has a P/E ratio of about 12.01, a price-to-sales ratio of around 0.81, and an enterprise value to sales ratio close to 0.93. Its debt-to-equity ratio sits at approximately 0.39, indicating a stable financial footing.