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Barchart
Barchart
Aditya Sarawgi

What You Need to Know Ahead of Allstate's Earnings Release

AllState All Insurance

Northbrook, Illinois-based The Allstate Corporation (ALL) provides property and casualty, and other insurance products in the United States and Canada. With a market cap of $47.9 billion, Allstate operates through Allstate Protection, Protection Services, Health and Benefits, Run-off Property-Liability, and Corporate and Other segments.

The insurance giant is set to announce its fourth-quarter earnings after the market closes on Wednesday, Feb. 5. Ahead of the event, analysts expect ALL to report a non-GAAP profit of $5.89 per share, up 1.2% from $5.82 per share reported in the year-ago quarter. Furthermore, Allstate has surpassed Wall Street’s bottom-line projections in each of the past four quarters. Its adjusted EPS of $3.91 for the last reported quarter surpassed analysts’ estimates by a staggering 77.7%.

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