The Allstate Corporation (NYSE: ALL) has reported E.P.S. of $4.51 for its first fiscal quarter (ending March 31) versus $-1.31 for the same period a year ago. Relative to the consensus estimate of $4.68, this was a shortfall of $-0.17. E.P.S. were $4.63 for the latest four quarters through March 31 versus $-8.81 for the same period a year ago.
Recent Price Action
On 5/1/24, The Allstate Corporation (NYSE: ALL) stock rose modestly by 0.9%, closing at $171.56. Trading volume in this advance was normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.1% during the last week.
Current PriceTarget Research Rating
ALL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a major Value Builder.
Allstate has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Allstate has a slightly negative Appreciation Score of 36 but a very high Power Rating of 99, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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