Markets· August 17, 2026 at 01:43 p.m.
Allstate Beats Q2 Earnings, Analysts Remain Moderately Bullish
Key takeaways
- Allstate reported strong Q2 earnings
- The company's shares rose following the announcement
- Analysts expect a slight decline in EPS for the fiscal year
The Allstate Corporation (ALL) reported strong Q2 2026 earnings on Aug. 5, with adjusted EPS of $8.99 beating the consensus estimate and increasing 51.3% year-over-year. The insurance giant's shares rose nearly 4% following the announcement. For the fiscal year ending in December 2026, analysts expect Allstate's adjusted EPS to decline 2.6% year-over-year to $33.92, but the company has a promising earnings surprise history, beating estimates in each of the last four quarters.
According to the sources, among the 24 analysts covering the stock, the consensus rating is a 'Moderate Buy'. This configuration is slightly less bullish than three months ago, with 10 'Strong Buy' ratings on the stock. On Aug. 11, JPMorgan's Pablo Singzon raised Allstate's price target to $292 and maintained an 'Overweight' rating.
The mean price target of $273.83 represents a 4.8% premium to ALL's current levels, while the Street-high price target of $334 implies a potential upside of 27.8%.
