Earnings Preview For Allstate
Portfolio Pulse from Benzinga Insights
Allstate (NYSE:ALL) is set to release its quarterly earnings report on November 1, 2023. Analysts estimate an earnings per share (EPS) of $0.48. The company's past performance shows a pattern of share price changes following earnings announcements. Last quarter, Allstate missed EPS by $0.38, resulting in a 5.77% drop in share price. The company's shares were trading at $125.47 as of October 30, with a 52-week increase of 2.36%.
October 31, 2023 | 2:01 pm
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NEUTRAL IMPACT
Allstate's upcoming earnings report could impact its stock price. Last quarter's missed EPS resulted in a 5.77% drop in share price. Current share price is $125.47 with a 52-week increase of 2.36%.
Allstate's stock price has shown to be sensitive to its earnings reports. Last quarter, a missed EPS estimate led to a significant drop in share price. Given this pattern, the upcoming earnings report could have a similar impact, especially if the company misses estimates again. However, the stock has shown a general upward trend over the past 52 weeks, which could potentially mitigate some of the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100