Allstate (NYSE: ALL) is expected to report Q1 earnings on May 1. 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 revenues will grow 2.9% and EPS will wither -9.2%.

The average estimate for revenue is $6.82 billion. On the bottom line, the average EPS estimate is $1.29.

Revenue details
Last quarter, Allstate reported revenue of $6.74 billion. GAAP reported sales were 3.8% higher than the prior-year quarter's $8.24 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 $0.59. GAAP EPS of $0.82 for Q4 were 41% lower than the prior-year quarter's $1.40 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 20.3%, 670 basis points worse than the prior-year quarter. Operating margin was 7.5%, 630 basis points worse than the prior-year quarter. Net margin was 4.6%, 400 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $26.97 billion. The average EPS estimate is $4.73.

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 $44.44.

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