Allstate (NYSE: ALL) reported earnings on May 1. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Allstate met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased slightly. Non-GAAP earnings per share shrank. GAAP earnings per share contracted.

Gross margins were steady, operating margins dropped, net margins dropped.

Revenue details
Allstate logged revenue of $6.77 billion. The 10 analysts polled by S&P Capital IQ foresaw revenue of $6.77 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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

EPS details
EPS came in at $1.35. The 22 earnings estimates compiled by S&P Capital IQ anticipated $1.29 per share. Non-GAAP EPS of $1.35 for Q1 were 4.9% lower than the prior-year quarter's $1.42 per share. GAAP EPS of $1.47 for Q1 were 3.9% lower than the prior-year quarter's $1.53 per share.

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

Margin details
For the quarter, gross margin was 26.6%, much about the same as the prior-year quarter. Operating margin was 13.6%, 80 basis points worse than the prior-year quarter. Net margin was 8.4%, 80 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $6.81 billion. On the bottom line, the average EPS estimate is $1.12.

Next year's average estimate for revenue is $26.92 billion. The average EPS estimate is $4.75.

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 $50.06.

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