Allstate Corporation Sees 23.7% Earnings Estimate Increase for 2023
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 05 2026
0mins
Should l Buy ALL?
Source: NASDAQ.COM
- Earnings Estimate Increase: Allstate Corporation's earnings estimate for 2023 has risen by 23.7% over the past 60 days, indicating a significant enhancement in the company's competitiveness and profitability in the insurance market, which could drive stock price appreciation.
- PEG Ratio Advantage: With a PEG ratio of 0.45 compared to the industry average of 1.78, Allstate demonstrates relative valuation attractiveness, potentially drawing more investor interest and boosting market confidence.
- Strong Growth Score: Allstate holds an A Growth Score, reflecting its potential for earnings growth and market performance, further reinforcing investor confidence in its future outlook.
- Industry Leadership: As a Zacks Rank #1 company, Allstate maintains a leading position in the insurance sector, and the continuous upward revision of earnings estimates may attract more institutional investors, enhancing its market share.
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Analyst Views on ALL
Wall Street analysts forecast ALL stock price to rise
16 Analyst Rating
9 Buy
6 Hold
1 Sell
Moderate Buy
Current: 214.520
Low
207.00
Averages
239.64
High
281.00
Current: 214.520
Low
207.00
Averages
239.64
High
281.00
About ALL
The Allstate Corporation protects people from life’s uncertainties with a wide array of protection for autos, homes, electronic devices and identity theft. The Company’s products are available through Allstate agents, independent agents, major retailers, online and at the workplace. Its Allstate Protection segment offers private passenger auto, homeowners, other personal lines and commercial insurance. Its Run-off Property-Liability segment includes property and casualty insurance coverage. The Company’s Protection Services segment provides consumer product protection plans, device and mobile data collection services and analytic solutions using automotive telematics information, roadside assistance, protection and insurance products and identity protection and restoration through Allstate Protection Plans, Allstate Dealer Services, Allstate Roadside, Arity and Allstate Identity Protection.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Webcast Availability: The presentation will be accessible via a live webcast on Allstate's investor website, with a replay available shortly after the event, ensuring investors can obtain key information and engage with the content.
- Financial Transparency: Allstate routinely posts financial information and material announcements on its investor website, reflecting the company's commitment to transparency, which helps to bolster investor confidence.
- Broad Insurance Coverage: Allstate currently has 211 million policies in force, offering a wide range of insurance products including auto, home, electronic devices, and identity protection, showcasing its strong competitive position and market share in the insurance sector.
See More
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- Webcast Availability: The presentation will be accessible via a live webcast on Allstate's investor website, with a replay available shortly after, ensuring that investors can receive key information promptly, thereby enhancing transparency and communication efficiency.
- Financial Information Release: Allstate routinely posts financial information and material announcements on its investor website, demonstrating the company's commitment to maintaining strong communication with investors and enhancing market trust.
- Insurance Product Coverage: Allstate currently has 211 million policies in force, offering a range of insurance products including auto, home, electronic devices, and identity protection, showcasing its extensive market influence and customer base.
See More
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- Payment Schedule: All preferred dividends will be payable in cash on April 15, 2026, to shareholders of record as of March 31, 2026, ensuring timely returns for investors and enhancing confidence in the company's financial health.
- Company Background: Allstate currently has 211 million policies in force and is dedicated to providing comprehensive protection services, with its stability and market position allowing it to maintain a competitive edge in the insurance industry.
See More
