Allstate (NYS: ALL) reported earnings on Feb. 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Allstate met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share expanded significantly.
Margins improved across the board.
Allstate booked revenue of $6.61 billion. The 10 analysts polled by S&P Capital IQ predicted revenue of $6.65 billion. Sales were 1.7% higher than the prior-year quarter's $6.44 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $1.48. The 24 earnings estimates compiled by S&P Capital IQ forecast $0.96 per share on the same basis. GAAP EPS of $1.43 for Q4 were 160% higher than the prior-year quarter's $0.55 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 26.2%, 1,010 basis points better than the prior-year quarter. Operating margin was 14.1%, 850 basis points better than the prior-year quarter. Net margin was 8.8%, 510 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $6.91 billion. On the bottom line, the average EPS estimate is $1.
Next year's average estimate for revenue is $26.88 billion. The average EPS estimate is $3.71.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Allstate is outperform, with an average price target of $32.35.
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At the time thisarticle was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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