Is it time to Buy before this week’s earning report Alleghany (NYSE:Y)

Earnings results for Alleghany (NYSE:Y)

Alleghany Corporation is expected* to report earnings on 11/03/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $-3.37. The reported EPS for the same quarter last year was $7.61.

Alleghany last released its earnings data on August 4th, 2020. The insurance provider reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $4.36 by $3.50. The business had revenue of $2.01 billion for the quarter. Alleghany has generated $23.77 earnings per share over the last year. Alleghany has confirmed that its next quarterly earnings report will be published on Tuesday, November 3rd, 2020.

Analyst Opinion on Alleghany (NYSE:Y)

2 Wall Street analysts have issued ratings and price targets for Alleghany in the last 12 months. Their average twelve-month price target is $817.50, predicting that the stock has a possible upside of 44.61%. The high price target for Y is $850.00 and the low price target for Y is $785.00. There are currently 2 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Alleghany has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $817.50, Alleghany has a forecasted upside of 44.6% from its current price of $565.33. Alleghany has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Alleghany (NYSE:Y)

Alleghany does not currently pay a dividend. Alleghany does not have a long track record of dividend growth.

Insiders buying/selling: Alleghany (NYSE:Y)

In the past three months, Alleghany insiders have not sold or bought any company stock. Only 3.20% of the stock of Alleghany is held by insiders. 86.70% of the stock of Alleghany is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Alleghany (NYSE:Y

Earnings for Alleghany are expected to grow by 450.35% in the coming year, from $7.15 to $39.35 per share. The P/E ratio of Alleghany is -119.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Alleghany is -119.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Alleghany has a P/B Ratio of 0.93. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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