Q3 Earnings Preview For Allstate

On Wednesday, Oct. 31, Allstate Corporation ALL will release its latest earnings report. Benzinga's outlook for Allstate is included in the following report.

Earnings and Revenue

Allstate earnings will be near $1.95 per share on sales of $8.72 billion, according to analysts.

Allstate reported a profit of $1.60 when it published results during the same quarter last year. Sales in that period totaled $8.58 billion. If the company were to report inline earnings when it publishes results Wednesday, earnings would be up 21.87 percent. Sales would be up 1.60 percent from the year-ago period. Here's how the company's reported EPS has compared to analyst estimates in the past:

Stock Performance

Over the last 52-week period, shares are up 1.88 percent. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The popular rating by analysts on Allstate stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.