Why Allstate (ALL) Could Beat Earnings Estimates Again

Core Viewpoint - Allstate (ALL) has consistently beaten earnings estimates and is well-positioned for future earnings surprises, particularly with a strong recent performance in earnings reports [1][2]. Earnings Performance - In the most recent quarter, Allstate reported earnings of $3.91 per share, exceeding the expected$2.20 per share, resulting in a surprise of 77.73% [2]. - For the previous quarter, Allstate's earnings were $1.61 per share against an expectation of$0.33 per share, leading to a significant surprise of 387.88% [2]. Earnings Estimates and Predictions - Recent estimates for Allstate have been increasing, indicating a positive outlook for the company's near-term earnings potential [3]. - The Zacks Earnings ESP for Allstate is currently +3.66%, suggesting analysts are optimistic about the company's upcoming earnings report [6]. Zacks Rank and Earnings ESP - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) indicates a high likelihood of an earnings beat, with historical data showing that nearly 70% of stocks with this combination produce positive surprises [4][6]. - The next earnings report for Allstate is anticipated to be released on February 5, 2025 [6].