Earnings Spotlight on Shares of The Allstate Corporation (NYSE:ALL)

Tracking the present quarter EPS consensus estimate for The Allstate Corporation (NYSE:ALL), we have noted the current number is 2.1. This EPS estimate is using 13 Wall Street analysts polled by Zacks Research. Last quarter, the company stated a quarterly EPS of 1.93. Sell-side analysts have the job of examining companies and providing estimates relating to future results. These estimates carry a lot of weight on the Street, and earnings hits or misses revolve around these numbers. Sometimes these predictions are very close to the actual reported number, and other times they are not. When a company reports actual earnings results, the surprise factor can cause a stock price to jump or dive. If a company beats estimates and posts a positive earnings surprise, the stock may see a near-term jump in price. On the flip side, a negative surprise may send the stock downward. Many investors will opt to be cautious around earnings releases and wait to make a move until after the stock price has stabilized.  

Looking at stock market performance over the last few months, new investors may be worried that they might have missed out on some fantastic opportunities. With so much information and data available, they may not even know where to begin when getting into the stock investing arena. Everybody has to start somewhere, and becoming knowledgeable about the basics may help provide the perfect springboard from which to launch. Starting with the basics may help the investor understand the bigger picture which can then be filtered down into specifics. Because there is no magic formula to achieving success in the stock market, investors may have to explore many different strategies before choosing one to run with.

Focusing in on analyst opinions, we note that the current average broker recommendation on shares of The Allstate Corporation (NYSE:ALL) is presently 2.23. The recommendation falls on a scale between 1 and 5. A broker rating of 1 would translate into a Strong Buy. A rating of 5 would indicate a Strong Sell recommendation. This consensus broker rating may help shed some light on how the sell-side is currently viewing company stock. Based on sell-side analysts polled by Zacks Research, 6 have rated the stock a Strong Buy or Buy.

Equity analysts will routinely provide stock price target projections. Many investors are highly interested in where the analysts view the stock heading in the future. Presently, analysts polled by Zacks Research have set a consensus target price of $104.89 on shares of The Allstate Corporation (NYSE:ALL). Price target estimates can be calculated using different methods, and they may vary depending on the individual analyst. A thoroughly researched analyst report will typically provide detailed reasoning for a specific target price estimate. Some investors may track analyst targets very closely and use the data to complement their own stock analysis.

Watching stock price activity for The Allstate Corporation (NYSE:ALL), we have spotted shares trading close to the 80.59 level. Investors will often monitor stock price levels relative to its 52-week high and low marks. The 52-week high is currently 104.91, and the 52-week low is presently 80.59. When a stock price is nearing the 52-week high or 52-week low, investors may closely follow activity to watch for a breach. Over the past 12 weeks, shares have moved -21.01%. Moving back to the start of the year, we can see that shares have changed -23.04%. Zooming in to the past 4 weeks, shares have seen a change of -9.74%. Over the last week, the stock has moved -5.29%.

Investors may be diving into the latest company earnings reports trying to scope out some quality stocks to add to the portfolio. Nobody knows for sure which way overall market momentum will sway as we near the close of the calendar year. Investors may be getting ready to do a portfolio review to see which stocks are worthy to hold, and which ones have underperformed a may need to be unloaded. Regularly monitoring stock investments may keep the investor ready for any big market changes that may occur.

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