Allstate (ALL) closed at $190.53 in the latest trading session, marking a +1.2% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.77%. Meanwhile, the Dow gained 0.47%, and the Nasdaq, a tech-heavy index, added 0.87%.

Prior to today's trading, shares of the insurer had lost 0.01% over the past month. This has was narrower than the Finance sector's loss of 2.93% and lagged the S&P 500's gain of 4.87% in that time.

The investment community will be paying close attention to the earnings performance of Allstate in its upcoming release. The company is slated to reveal its earnings on October 30, 2024. It is anticipated that the company will report an EPS of $3.25, marking a 301.23% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $16.24 billion, up 11.37% from the year-ago period.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $15.13 per share and a revenue of $63.73 billion, representing changes of +1492.63% and +11.04%, respectively, from the prior year.

Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Allstate. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.15% downward. Allstate is currently a Zacks Rank #3 (Hold).

Digging into valuation, Allstate currently has a Forward P/E ratio of 12.44. This indicates a discount in contrast to its industry's Forward P/E of 13.51.

We can also see that ALL currently has a PEG ratio of 1.78. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Insurance - Property and Casualty industry had an average PEG ratio of 1.7.