ALL is expected to report earnings to rise+32% to -93 cents per share on May 03
On May 3, ALL is expected to report earnings that are 32% higher than the previous quarter, with earnings per share expected to be -93 cents. This is a significant improvement from the previous quarter's earnings of -136 cents per share, which missed the estimated earnings of -102 cents per share. As a technical analyst, it is important to look beyond just the earnings report and analyze the company's financial ratios and technical indicators to gain a better understanding of the company's performance.
Firstly, let's take a look at the price-to-book (P/B) ratio, which compares the company's market value to its book value. ALL's P/B ratio of 1.967 is around the industry mean of 1.911, indicating that the stock is trading at a fair value relative to its book value.
Next, the price-to-earnings (P/E) ratio compares the company's current stock price to its earnings per share. ALL's P/E ratio of 40.000 is within average values for comparable stocks, which have an average P/E ratio of 104.447. This indicates that investors are willing to pay a reasonable price for the company's earnings.
The projected growth (PEG) ratio is a metric that combines the P/E ratio with the company's expected growth rate. A PEG ratio of 1 or below is considered healthy, while a ratio above 1 may indicate an overvalued stock. ALL's PEG ratio of 3.439 is within normal values, averaging 2.249, indicating that the stock is not overvalued relative to its expected growth rate.
Another important metric to consider is the dividend yield, which measures the company's annual dividend payment as a percentage of its stock price. ALL's dividend yield of 0.030 settles around the average of 0.044 among similar stocks, indicating that the company is paying a reasonable dividend relative to its stock price.
Finally, the price-to-sales (P/S) ratio compares the company's stock price to its revenue per share. ALL's P/S ratio of 0.611 is also within normal values, averaging 1.337, indicating that the stock is trading at a fair value relative to its revenue.
Looking at the technical indicators, we can see that ALL's MACD Histogram crossed above the signal line on March 30, 2023, indicating a bullish trend. Examining past instances where ALL's MACD turned positive, we can see that the stock continued to rise in 36 of 49 cases over the following month. This gives us a 73% chance of a continued upward trend.
While ALL's previous earnings report missed estimates, the company's financial ratios and technical indicators suggest that the stock is trading at fair values and has the potential for a continued upward trend. As always, it is important to conduct thorough research and analysis before making any investment decisions.
ALL in +0.49% Uptrend, rising for three consecutive days on September 04, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where ALL advanced for three days, in of 328 cases, the price rose further within the following month. The odds of a continued upward trend are .
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a provider of the provision of personal property and casualty insurance, life insurance, and retirement and investment products
Industry PropertyCasualtyInsurance