The Allstate Corp Quarterly Earnings Sneak Peek

S&P 500 (NYSE:SPY) component The Allstate Corp (NYSE:ALL) will unveil its latest earnings on Monday, August 1, 2011. The Allstate Corporation provides insurance on personal property as well as offering casualty insurance, life insurance, retirement and investment products.

The Allstate Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of $1.53 per share, a swing from net income of 81 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 87 cents. Between one and three months ago, the average estimate moved down and dropped from a loss of $1.32 during the last month. For the year, analysts are projecting profit of $1.08 per share, a decline of 62% from last year.

Past Earnings Performance: The company beat estimates last quarter after falling short in the prior two. In the first quarter, the company reported net income of 93 cents per share versus a mean estimate of profit of 68 cents per share. In the fourth quarter of the last fiscal year, the company missed estimates by 36 cents.

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Wall St. Revenue Expectations: On average, analysts predict $6.58 billion in revenue this quarter, a decline of 0.9% from the year ago quarter. Analysts are forecasting total revenue of $25.92 billion for the year, a rise of 0% from last year’s revenue of $25.91 billion.

Analyst Ratings: Analysts seem relatively indifferent about Allstate with 15 of 23 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has now gone up for three straight quarters. In first quarter, revenue rose 4.5% to $8.1 billion while the figure rose 0.4% in the fourth quarter of the last fiscal year from the year earlier and 4.3% in the third quarter of the last fiscal year.

Competitors to Watch: Horace Mann Educators Corp. (NYSE:HMN), The Progressive Corp. (NYSE:PGR), Safety Insurance Group, Inc. (NASDAQ:SAFT), 21st Century Holding Co. (NASDAQ:TCHC), The Travelers Companies, Inc. (NYSE:TRV), Hilltop Holdings Inc. (NYSE:HTH), Hallmark Financial Services, Inc. (NASDAQ:HALL), Tower Group, Inc. (NASDAQ:TWGP), American Insurance Group (NYSE:AIG), Erie Indemnity Company (NASDAQ:ERIE), and Gainsco, Inc. (AMEX:GAN).

Stock Price Performance: During April 29, 2011 to July 26, 2011, the stock price had fallen $5.38 (-16%) from $33.61 to $28.23. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six-straight days, rising 5% (+$1.47) over that span. It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight-straight days, falling 9.4% (-$2.91) over that span. Shares are down $3.23 (-10.3%) year to date.

(Source: Xignite Financials)

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