Allstate (NYS: ALL) is expected to report Q3 earnings on Oct. 31. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Allstate's revenues will grow 4.5% and EPS will grow 593.8%.
The average estimate for revenue is $6.72 billion. On the bottom line, the average EPS estimate is $1.11.
Last quarter, Allstate notched revenue of $6.67 billion. GAAP reported sales were 2.4% higher than the prior-year quarter's $8.08 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.87. GAAP EPS were $0.86 for Q2 compared to -$1.19 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 20.5%, 2,140 basis points better than the prior-year quarter. Operating margin was 8.5%, 2,010 basis points better than the prior-year quarter. Net margin was 5.1%, 1,280 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $26.70 billion. The average EPS estimate is $4.46.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Allstate is outperform, with an average price target of $37.65.
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The article It's Showtime for Allstate originally appeared on Fool.com.
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. The Motley Fool has no positions in the stocks mentioned above. 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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