Allstate (NYSE: ALL) is expected to report Q2 earnings on July 31. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Allstate's revenue will improve 4.1% and EPS will shrink 148.0%.

The average estimate for revenue is $6.72 billion. On the bottom line, the average EPS estimate is $0.59.

Revenue details
Last quarter, Allstate reported revenue of $6.63 billion. GAAP reported sales were 3.3% higher than the prior-year quarter's $8.10 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $1.42. GAAP EPS of $1.53 for Q1 were 56% higher than the prior-year quarter's $0.98 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 26.6%, 480 basis points better than the prior-year quarter. Operating margin was 14.4%, 380 basis points better than the prior-year quarter. Net margin was 9.2%, 270 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $26.90 billion. The average EPS estimate is $3.83.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Allstate is outperform, with an average price target of $33.58.

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